Unemployment: Progress But Still 8.3 Million Jobs From Full Recovery (CNNMoney)

Recruitment or Employment Issues Chalk Drawing

While the national unemployment rate has fallen in the past year from 8.1% to 7.3%, the share of workers with jobs has remained close to 58.6% for several years, suggesting that use of unemployment rate isn’t the best measure of economic progress. The Brookings Institution has come up with what it calls the “jobs gap” — or the number of jobs it would take to offset the effects of the Great Recession.

Leave a Comment