The U.S. is facing a string of economic challenges that \u201cconstitute an emergency.\u201d Uncertainty in Europe is just one threat. The New York Times writes persistently high unemployment is the \u201cbiggest danger.\u201d Nearly half of the 9.9% currently unemployed have been without jobs for half a year or more. At current growth rates, it would take roughly 5 years to attain full employment. Moreover, current growth rates are unlikely as state governments slash budgets and headcounts. The New York Times calls on Congress to keep supporting the economy and postpone cost cutting. The \u201crecovery is still fragile and needs are still great.\u201d Focusing on the deficit now runs the great risk of \u201ccondemning the economy to a long, hard slog of subpar growth, barely indistinguishable, in effect, from recession itself. That would be worse for the nation\u2019s finances than upfront spending.\u201d<\/p>\n
The U.S. is facing a string of economic challenges that \u201cconstitute an emergency.\u201d Uncertainty in Europe is just one threat. The New York Times writes persistently high unemployment is the \u201cbiggest danger.\u201d Nearly half of the 9.9% currently unemployed have been without jobs for half a year or more. At current growth rates, it would take roughly 5 years to attain full employment. Moreover, current growth rates are unlikely as state governments slash budgets and headcounts. The New York Times calls on Congress to keep supporting the economy and postpone cost cutting. The \u201crecovery is still fragile and needs are still great.\u201d Focusing on the deficit now runs the great risk of \u201ccondemning the economy to a long, hard slog of subpar growth, barely indistinguishable, in effect, from recession itself. That would be worse for the nation\u2019s finances than upfront spending.\u201d<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
The U.S. is facing a string of economic challenges that \u201cconstitute an emergency.\u201d Uncertainty in Europe is just one threat. The New York Times writes persistently high unemployment is the \u201cbiggest danger.\u201d Nearly half of the 9.9% currently unemployed have been without jobs for half a year or more. At current growth rates, it would […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[13,11,8,12],"class_list":["post-224","post","type-post","status-publish","format-standard","hentry","category-global-news","tag-economy","tag-europe","tag-u-s","tag-unemployment"],"_links":{"self":[{"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts\/224","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=224"}],"version-history":[{"count":1,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts\/224\/revisions"}],"predecessor-version":[{"id":240,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts\/224\/revisions\/240"}],"wp:attachment":[{"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}