Friday, September 4, 2009
Daniel Hamermesh
Prof. Daniel Hamermersh, a professor in the Department of Economic, manages to use a bit of biology to explain the impact of long-term unemployment on the economy in an
interview on the College of Liberal Arts Web site.
Do you expect the trend toward long-term unemployment to continue?
My guess is the percentage of long-term unemployment will keep on rising for a while. While the recession bottoms out it takes a while for people to get hired again. It’s like a rat going through a snake, a lot of it may get digested, but it’s still pretty clear that the rat is moving down the track.
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This entry was posted on Friday, September 4th, 2009 at 1:00 pm and is filed under Economics.
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Tags: Daniel Hamermesh, Economics, Economy, Labor Day, unemployment
By Tim Green
Published at 1:00 PM |
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