Vive Le Canada

Millions of Unemployed Face Years Without Jobs
Date: Monday, February 22 2010
Topic:


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.



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.

http://www.theledger.com/article/20100221/ZNYT01/2213016/1001/BUSINESS?Title=Millions-of-Unemployed-Face-Years-Without-Jobs

 


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?







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