U.S. Active Labor Market Policy: Can the Obama Administration do More?. William M. Rodgers III Heldrich Center for Workforce Development Rutgers, The State University of New Jersey May 2009.
Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.
William M. Rodgers III
Heldrich Center for Workforce Development
Rutgers, The State University of New Jersey
Framing Comments:In asking whether the Administration must go further with its active labor market polices, we must remain cognizant of several trends.
Job growth has been limited to the government sector.(Employment Change, December 2007 to April 2009)
The Federal government’s investment in people has stalled, coinciding with the growth in income inequality.
(US Human Expenditure Ratios: 1959 to 2006)
Trend Line: Based on Growth from 1959-1975
Trend Line: Based on Growth from 1959-2000
Notes: All human priority concerns are defined as government social benefits to persons, social insurance funds, housing and community services, health recreation and culture, elementary and secondary schools, higher education, libraries and other, and income security.
The answer depends on several issues. “Active” labor market policy?
Long-term unemployment has trended upward. Given the economy’s health, it has reached the record high during the 1981-82 recession.
Source: www.bls.gov. Figure for 2009 is average from January to April.
America’s Untapped Pools of Potential Tops 24 Million economy’s health, it has reached the record high during the 1981-82 recession.
Source: Calculations from BLS data. Untapped is defined as the unemployed, part-time for economic reasons and marginally
What is the “Real” Unemployment Rate? economy’s health, it has reached the record high during the 1981-82 recession.
Source: Table A-12 of BLS Employment Situation Press Releases. “Real” includes individuals that are out of the labor force, but if offered
a job, they would take it, plus individuals that are working part-time for economic reasons.
Men, especially African American men have born the brunt of the recession.
Source: www.bls.gov. Initial figures for Latinos are for April 2007.
Source: www.bls.gov. .