Word: term
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Dates: during 2000-2009
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...From December 2007 to August 2009, the economy jettisoned nearly 7 million jobs, according to the Bureau of Labor Statistics. That's a 5% decrease in the total number of jobs, a drop that hasn't occurred since the end of World War II. The number of long-term unemployed, people who have been out of work for more than 27 weeks, was the highest since the BLS began recording the number in 1948. Jobless figures released Sept. 4 showed a 9.7% unemployment rate, pushing the U.S. - unthinkably - ahead of Europe, with...
...from anything we've seen before. And if the result is that we're stuck with persistent 9%-to-11% unemployment for a while - a range whose mathematical congruence with that other 9/11 is impossible to miss - we may be looking at a problem that will define the first term of Barack Obama's presidency the way the original 9/11 defined George W. Bush's. Like that 9/11, this one demands a careful refiguring of some of the most basic tenets of national policy. And just as the shock of Sept. 11 prompted long-overdue (and still not cemented) reforms...
...then relatively unsexy specialty of labor. The subject tickled his sense of skepticism. "The view that was taking hold at that time, a view that unemployment wasn't a terribly serious problem, was importantly wrong," Summers says. "I thought if you could have areas where there was long-term substantial unemployment, then that raised some questions about the functioning of markets." In essence, Summers saw in unemployment a chance to explore how markets don't work - and to think about policies that could correct for the failures. Perfect training...
...beyond the government's fiscal assistance, Vilsack maintains that the media still hold the greatest sway over potential U.S. pork consumers. "People hear the President or some other official say once or twice that pork is safe," Vilsack said, "and then they hear the term swine flu on TV and the Internet 50 times in a single day." The blame-the-media fallback is surely overstated, but for pork farmers trying to move the merch, less swine and more H1N1 in headlines will nonetheless be welcome...
...campaign was further delayed as University President Drew G. Faust entered Mass. Hall with several school leadership positions vacant, which University officials said complicated an immediate start to campaign planning, as they wanted top administrators in place to provide input on long-term strategic initiatives...