More. Doug Ross: Presidential Stand-Up Comedy: Okay, My New Plan to Create Jobs is to Throw Sand into the Private Sector's Transmission! Can I Get a Rimshot?:
Long-term unemployment as a share of the total jobless pool now stands at a record 44% versus 26% and the last time the official unemployment rate was as high as is today was back in the early 1980s. There are three main reasons for this:The President's Popularity Plunge: Hewitt
* The first has to do with the lack of mobility in a distressed national real estate market.
* The second reflects the permanent job loss that permeated this recession because the jobs in bubble sectors like construction and finance are simply not going to be coming back any time soon.
* Thirdly, large states such as California, Florida, Illinois and New York could always be relied upon in the past to be significant drivers of employment opportunities but they are just too cash-strapped today to play any role at all.
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