The U.S. economy continues to be characterized by a persistently-high rate of unemployment, with at least another three years before attainment of the pre-recession unemployment rate.Six significant structural trends are identified and their impacts discerned. The pernicious impact of...

The current recession's impact on unemployment has been more pernicious than even the usual indicators show. The underemployment rate – which also counts part-time workers whose hours have been cut or would like to be working full-time – is almost certainly at its highest level since the...