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Report: Recession Bottoming Out

48
Son of the Black Dog9/21/2009 9:21:07 am PDT

re: #36 Honorary Yooper

There’s no such thing. The jobs follow, closer to the end of the recovery, when businesses feel that they are finally stable enough to take on new employees. Until such time, they will not hire new employees.

We now have a lot of structural unemployment in out economy. The autoworker jobs aren’t going to come back and guys who were bolting fenders on Pontiacs aren’t going to seamlessly transition into the service / information economy. Many of them will never transition.