Introduction
• 13 Recessions, since Great Depression• Oil prices 1970's• Tech stocks 1990's• Subprime mortgages• Job lag• Poverty• Unemployment
Job Growth
http://www.cleveland.com/datacentral/index.ssf/2010/10/us_job_growth_and_loss_under_p.html
Jobs Program
• Keynesian Fiscal Stimuli• Payroll Tax Cuts• New Demand
Increase GDP Creation of More Jobs
http://www.msnbc.msn.com/id/44489655/ns/business-eye_on_the_economy/
Job Outlook
• Positive • Not Drastic• Added 1% by
2014• Slow Recovery
http://www.usatoday.com/money/economy/story/Jobs-Forecast-2011/34083932/1
Poverty on the Rise
According to Census Bureau data, the U.S. poverty rate rose last year to 15.1 percent, the highest level in 17 years.http://www.npr.org/2011/09/13/140438725/census-2010-saw-poverty-rate-increase-income-drop
Typically, “job leavers” comprise about half of total unemployed. Today, “job losers” account for a
much higher portion.
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