You can get killed for that! If the economy is in recovery, why is
unemployment continuing to climb?

You can get killed for that!

By Sean Gonsalves

Break out the champagne on Wall Street! A new report is out called
"Labor Market Left Behind," co-authored by Economic Policy Institute
senior economist Jared Bern-stein and the Institute's president,
Lawrence Mishel.

"Since the start of this recovery, unemployment has continued to trend
upward, from 5.6 percent in November 2001 to 6.2 percent in July
2003....(There are) three unem-ployed people for every job opening.
During this recovery, unemployment has risen 0.6 percentage points
overall and 1.3 points among African Americans," according to
Bern-stein and Mishel (see
http://www.epinet.org/content.cfm/briefingpapers_bp142).

And get this: "Employment opportunities have declined more for college
graduates than for high school dropouts. Underemployed workers - those
working fewer hours than they want to or in a job for which they are
overqualified - reached double digits (10.2 percent) in July 2003.
Current unemployment rates are actually lower than they would be,
except for the fact that some 2 million workers have stopped looking
for work in this poor market."

http://www.zmag.org/sustainers/content/2003-09/02gonsalves.cfm