The Truth About American Unemployment Audiobook By Jason Furman cover art

The Truth About American Unemployment

Preview
LIMITED TIME OFFER

3 months free
Try for $0.00
Offer ends July 31, 2025 at 11:59PM PT.
Pick 1 audiobook a month from our unmatched collection.
Listen all you want to thousands of included audiobooks, Originals, and podcasts.
Access exclusive sales and deals.
Premium Plus auto-renews for $14.95/mo after 3 months. Cancel anytime.

The Truth About American Unemployment

By: Jason Furman
Narrated by: Kevin Stillwell
Try for $0.00

$0.00/mo. after 3 months. Offer ends July 31, 2025 at 11:59PM PT. Cancel anytime.

Buy for $1.95

Buy for $1.95

Confirm purchase
Pay using card ending in
By confirming your purchase, you agree to Audible's Conditions of Use, License, and Amazon's Privacy Notice. Taxes where applicable.
Cancel

About this listen

In the wake of the financial crisis of 2008 and the Great Recession that followed, many economists worried that even if the US economy improved, unemployment would remain high for years to come. Some warned darkly of a “jobless recovery.” Those fears have proved unfounded: since peaking at ten percent in October 2009, the US unemployment rate has fallen by half and is now lower than it was in the years leading up to the crisis. Beyond the basic unemployment rate, a broad range of evidence shows that the labor market has largely returned to good health. Compared with earlier in the recovery, far fewer workers are underemployed or underutilized. Long-term unemployment has fallen steadily, from an all-time high of four percent of the labor force in early 2010 to just over one per-cent today. And adjusting for inflation, average hourly wages have been increasing for more than three years.

"The Truth About American Unemployment" is from the July/August 2016 issue of Foreign Affairs.

©2016 Foreign Affairs (P)2016 Audible, Inc.
Social Sciences
No reviews yet