Unemployment by age

On July 9, 2013, Keith Hall a senior research fellow at the Mercatus Center at George Mason University with a research interests that include labor markets, labor market policy, and economic data presented the following testimony to the U.S. House Committee on the Judiciary:

It has now been a full four years since the end of the Great Recession. Unfortunately, the US labor market is far from recovery. At the end of the recession, just 59.4 percent of working age Americans had employment. Today that number is even lower, at 58.7 percent. Over 100 million people are now jobless and there are about four and a half million long-term unemployed. There are likely millions more long-term jobless that are not being counted. We are looking at a decade before the labor market is close to fully recovered. Many of the long-term jobless will never fully recover their lost earnings. Our primary focus should be on encouraging the economic growth that we need to push our labor market into full recovery mode.

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“After President Obama’s speech on global warming, it became clear that Gina McCarthy will be used as the tool of the administration for all of these regulations that will destroy the American economy.”

WASHINGTON, D.C. – U.S. Sen. Jim Inhofe (R-Okla.), senior member of the Environment and Public Works (EPW) Committee, yesterday gave a speech on the senate floor detailing his opposition to President Obama’s aggressive climate agenda. Inhofe warns that the nominee to be Administrator of the Environmental Protection Agency (EPA) Gina McCarthy, will be used as the administration’s tool to implement the President’s climate regulations which will destroy the American economy.
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