Economists Predict Unemployment Will Remain Historically High Over the Next Decade

Unemployment

The “new normal” unemployment will be worse than the “old normal”.

The American Economics Association held its annual meeting in Denver last weekend. Most attendees appeared to be in a very forgiving mood. While the economists in Denver recognised the severity of the economic slump hitting the United States and much of the world, there were few who seemed to view this as a serious failure of the economics profession.

 

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