Professor Krugman
@ NYTs:
Five years and eleven months have now passed since the U.S. economy
entered recession. Officially, that recession ended in the middle of
2009, but nobody would argue that we’ve had anything like a full
recovery. Official unemployment remains high, and it would be much
higher if so many people hadn’t dropped out of the labor force.
Long-term unemployment — the number of people who have been out of work
for six months or more —
is four times what it was before the recession.
These dry numbers translate into millions of human tragedies — homes
lost, careers destroyed, young people who can’t get their lives started.
And many people have pleaded all along for policies that put job
creation front and center.
