Is America’s high unemployment ‘the new normal’?

The most recent recession has created a difficult, if not dire, employment problem for millions of Americans, and thousands of Utahns. As an illustration, after the national unemployment rate fell from about 6 percent in January 2003 to under 5 percent in January 2007, it skyrocketed to 10 percent in late 2009, and remains stubbornly high today.

But these numbers don’t even begin to tell the whole (human) story.

Now comes along a new study, published by the National Bureau of Economic Research, which suggests that the increase in long-term unemployment may be permanent.

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