us policymakers should fight inertia tackle jobs crisis
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

US policymakers should fight inertia, tackle jobs crisis

Arab Today, arab today

Arab Today, arab today US policymakers should fight inertia, tackle jobs crisis

Washington - XINHUA

High unemployment rate has become a "new normal" in the United States, while policymakers should avoid falling into the inertia trap and use greater fiscal and monetary policy firepower to tackle the jobs crisis, U.S. Nobel Prize-winning economist Paul Krugman said on Monday. The latest jobs report from the U.S. Labor Department showed that the number of Americans with jobs is still down two million from six years ago and more than four million of the unemployed have been out of work for more than six months, with the unemployment rate hovering at 7.6 percent, Krugman noted in his latest column article on The New York Times. "Why isn't reducing unemployment a major policy priority? One answer may be that inertia is a powerful force, and it's hard to get policy changes absent the threat of disaster. As long as we're adding jobs, not losing them, and unemployment is basically stable or falling, not rising, policy makers don't feel any urgent need to act," he contended. Another answer is that the unemployed don't have much of a political voice. Corporate profits are sky-high, stocks are up, so things are O.K. for the people who matter, Krugman said. If Washington would reverse its destructive budget cuts, if the Federal Reserve would show the "Rooseveltian resolve" that Fed chairman Ben Bernanke demanded of Japanese officials back when he was an independent economist, "we would quickly discover that there's nothing normal or necessary about mass long-term unemployment," he said.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

us policymakers should fight inertia tackle jobs crisis us policymakers should fight inertia tackle jobs crisis

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

us policymakers should fight inertia tackle jobs crisis us policymakers should fight inertia tackle jobs crisis

 



GMT 10:06 2012 Saturday ,28 July

Querrey advances at ATP LA Open

GMT 21:15 2017 Thursday ,01 June

Trump condemns deadly Kabul explosion

GMT 02:15 2017 Thursday ,24 August

Is your country on the Qatar free entry list of 80?

GMT 19:48 2016 Monday ,03 October

Controversial boxing champ Tyson Fury retires

GMT 08:20 2015 Tuesday ,08 December

PC market woes show no sign of easing

GMT 17:27 2017 Tuesday ,25 April

20 Yemeni soldiers killed, injured in explosion

GMT 11:52 2017 Saturday ,30 December

OIC condemns Mar Mina Church attack

GMT 00:03 2017 Saturday ,25 March

Arab Meeting to Examine Anti-Corruption Methods

GMT 13:12 2017 Thursday ,20 April

Deputy premier meets Arab League chief

GMT 14:13 2014 Friday ,10 January

Opel Astra GTC

GMT 18:27 2016 Tuesday ,02 August

Turkish Foreign Minister arrives in Islamabad

GMT 11:27 2016 Tuesday ,13 December

Saudi woman arrested for challenging social norms
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday