How Congress Can Support, Not Hinder, Labor Market Recovery
America now has the weakest labor market since the Great Depression. Unemployment remains above 9 percent, primarily because job creation has not recovered. Workers who lose their jobs have a much more difficult time finding new ones and the amount of time workers spend unemployed has soared. Five million potential workers have left the labor force since late 2007. The weak labor market has particularly hit younger and less-educated members of the labor force. Higher unemployment is not necessarily permanent—if Congress supports policies that improve the business climate and encourage entrepreneurship. Now is the time to remove—not erect more—barriers to business expansion.