The New Normal?

WHY SO MANY AMERICANS REMAIN UNEMPLOYED

Despite the paralysis in Washington, D.C., there is a consensus that job creation is a prime policy objective. A new analysis of American employment from the McKinsey Global Institute, the nonprofit research arm of the big consultancy firm, sheds welcome light on a murky subject.

The current “jobless recovery” is a new phenomenon in post–World War II history, an ugly hallmark of the 2000s. A...

The remainder of this article is only available to paid subscribers.

Print subscribers to Commonweal are entitled to free access to all premium online content. Click here to purchase a print subscription, or if you’re already a print subscriber, register now for premium access.

Online-only subscriptions provide access to all premium online articles for just $34/year or $2.95/month. Click here to subscribe.

Registered users, please log in below:

Or log in with...

Share

About the Author

Charles R. Morris, a Commonweal columnist, is the author of The Two Trillion Dollar Meltdown (Public Affairs), among other books, and is a fellow at the Century Foundation.