Millions Of Unemployed Face Years Without Jobs

Posted on Monday, February 22 at 09:37 by RickW

Even as the American economy shows tentative signs of a rebound, the human toll of the recession continues to mount, with millions of Americans remaining out of work, out of savings and nearing the end of their unemployment benefits.

Economists fear that the nascent recovery will leave more people behind than in past recessions, failing to create jobs in sufficient numbers to absorb the record-setting ranks of the long-term unemployed.

It appears that Ed Deak has been proven (once again!) right in his opinion of economists.  How can there be such a thing as a "Jobless Recovery" where (in the case of the United States), millions no longer have the means of sustaining themselves?  In the case of Canada, it is hundreds of thousands - yet our government assures us that our economy, though fragile, is "strong".  Just what does that mean in english, outside of the boardrooms and bedrooms of the country's elite and their hangers' on?

And how is it that governments regard job creation as a major signpost of economic well-being -- except for this "recovery" where (apparently) consumer spending is no longer the driving engine of the economy.  So which one is it, I ask?

Contributed By


Article Rating

 (0 votes) 



    You need to be a member and be logged into the site, to comment on stories.

    Latest Editorials

    more articles »

    Your Voice

    To post to the site, just sign up for a free membership/user account and then hit submit. Posts in English or French are welcome. You can email any other suggestions or comments on site content to the site editor. (Please note that Vive le Canada does not necessarily endorse the opinions or comments posted on the site.)

    canadian bloggers | canadian news