Recession, Depression, and Unemployment

The recession that began in the United States in December 2007 has been one of the deepest and longest since World War II. One feature that distinguishes the recent recession from its post-war predecessors is the historically high percentage of unemployed persons without jobs for more than six months (the long-term unemployed). This book explores the current global recession, and analyses the trend in long-term unemployment with considerations to policymakers to enact legislation to stimulate job growth and provide additional benefits to unemployed workers and their families.