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...recession is over, as some economists say, why are so many people still unemployed? The so-called jobless recovery is raising an intriguing question: Should America resurrect something like the Works Progress Administration (WPA) - the New Deal job-creation program that put millions of unemployed Americans to work building schools, roads, parks, libraries and other needed infrastructure projects during the Great Depression...
Indeed, the current situation is stark. When people say there are no jobs out there, it's true. According to the Bureau of Labor Statistics, at the start of the recession in December 2007, the ratio of job seekers to job openings was 1.5 to 1. Now six unemployed workers chase every available job. It's a brutal game of musical chairs in which a great many people lose and spiral downward economically with disastrous consequences, not only for themselves and their families, but also for communities that were once productive and prosperous. (See pictures of life during the Great...
...state parks and transportation department, but two-thirds of them are new jobs in private sector businesses - including a pie company, a hotel and a factory that needs painting and repair - which are reimbursed by the state for the salaries of the eligible stimulus workers. Some of the businesses say the free labor has helped expand their market share, and they are hopeful that they can grow enough to keep the larger workforce when government assistance stops in October...
Nevertheless, two weeks ago, White House economic adviser Christina Romer signaled that the Administration would consider a new stimulus measure if it did not see strong results from the current package. Prominent economists like Joseph Stiglitz say more stimulus is necessary to drive the economy forward. A jobs program focused on the nation's hardest-hit regions could have an impact. Nationally, 1 in 5 construction workers are unemployed. According to the American Society of Civil Engineers, the nation has $1.5 trillion in unaddressed infrastructure needs. "Clearly there are projects that need to be done," says Shierholz...
...meeting President Obama in Washington on Tuesday, is now 81 years old, and the press is buzzing with speculation about imminent succession - most likely by his son, Gamal. While some see the Nile Delta strike wave as nothing more than a fight for daily bread, others say they're a portent of what's to come. (See TIME's video: "Cairo Readies for Obama...