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  • For some, the recession never ended

    Philly.com - 09/17/2014

    William Dickens, chairman of the economics department at Boston’s Northeastern University and a leading expert on joblessness, said the persistence of the long-term unemployment problem six years after the financial crisis points to one thing: that policy makers should take the problem more seriously.

    “It may take a very aggressive policy, including accepting some inflation, to put the long-term unemployed back to work,” Dickens said.

    But in Washington, a gridlocked Congress has not only failed to consider new job-creation programs since the short-term stimulus measure enacted in 2009, it also allowed emergency extended unemployment benefits to expire at the end of last year.

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