Professor of Economics Ann Owen, along with a senior fellow from the Brookings Institution and the chief economist at FTN Financial, was interviewed by American Public Media’s Marketplace program on the nation’s current jobless recovery. The March 17 syndicated broadcast, heard across the nation on public radio stations, referenced Brookings research that determined, “this recovery has been more jobless at the two-year mark than the recoveries from any of the last three recessions.”
Owen explained that, some people are simply waiting for jobs that, because of the severity of this recession, aren't coming back. “Some jobs don't come back, and in the long run that's actually a healthy thing for the economy because it pushes us into doing things more efficiently,” she explained.
Owen explained that, some people are simply waiting for jobs that, because of the severity of this recession, aren't coming back. “Some jobs don't come back, and in the long run that's actually a healthy thing for the economy because it pushes us into doing things more efficiently,” she explained.
