Unemployment, Poverty and the “Great” Recession
Unemployment, Poverty and the “Great” Recession
with
Avis Jones-DeWeever, Exec. Dir., National Council of Negro Women,
Marc Morial President & CEO of the National Urban League, and
former Mayor of New Orleans,
Dean Baker, Co-director, Center for Economic and Policy Research
Signs of economic recovery, well, maybe for Wall Street, and the banksters,
but what about our street? Where’s the beef, where’s the jobs? The United
States is still experiencing its worst jobs crisis since the Great Depression.
Officially in of May 2011 the unemployment rate increased to 9.1%. In 2009
there were 43.6 million people living in poverty, the largest figure in the 51
years for which poverty estimates are available, and the numbers have been
climbing. This national crisis demands a bold plan to put people back to work
and to prevent those wielding the ax from chopping more jobs and cutting
further holes in the safety net and jeopardizing entitlement programs.
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