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The Crisis of Long-Term Unemployment

This week, Jesse Rothstein, the chief economist at the Labor Department, spoke at the Economic Policy Institute, and the organization just posted the slides.

Jul 31, 2020
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This week, Jesse Rothstein, the chief economist at the Labor Department, spoke at the Economic Policy Institute, and the organization just postedthe slides. Congress is losing its stomach for funding extended benefits. But, as the slides show, long-term unemploymentremains a major problem.
LTU-479x366.png
LTU-479x366.png
The chart underscores this point: For the economy to really start improving, hiring needs to be much stronger and the unemployment rate needs to start dropping much more quickly.
Dexter Cooke

Dexter Cooke

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Dexter Cooke is an economist, marketing strategist, and orthopedic surgeon with over 20 years of experience crafting compelling narratives that resonate worldwide. He holds a Journalism degree from Columbia University, an Economics background from Yale University, and a medical degree with a postdoctoral fellowship in orthopedic medicine from the Medical University of South Carolina. Dexter’s insights into media, economics, and marketing shine through his prolific contributions to respected publications and advisory roles for influential organizations. As an orthopedic surgeon specializing in minimally invasive knee replacement surgery and laparoscopic procedures, Dexter prioritizes patient care above all. Outside his professional pursuits, Dexter enjoys collecting vintage watches, studying ancient civilizations, learning about astronomy, and participating in charity runs.
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