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Unemployment looks to be a sticky problem

JobFairGet used to seeing depressing photos from desperate job-seekers at career fairs.

A story in today's Business section says unemployment in the United States is expected to stay high for at least four more years--regardless of who wins November's presidential election.

The Economy Survey conducted by the Associated Press shows a majority of economists predicting the unemployment rate will remain above 6 percent until at least 2016.

That sounds pretty scary. But it seems more innocuous when you consider that the country has spent less time below the five percent unemployment rate (which is considered healthy) over the past 40 years than it has spent above it.

In this interesting Washington Post piece, associate history professor David B. Sicilia takes a look back at unemployment through the decades and breaks down what contributed to the numbers' rise and fall.

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Economy
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