Friday, September 4, 2009
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
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