How to Fix a Sluggish Job Market: Follow Japan's Stimulus Example, Says Economist Dean Baker

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How to Fix a Sluggish Job Market: Follow Japan's Stimulus Example, Says Economist Dean Baker

How to Fix a Sluggish Job Market: Follow Japan's Stimulus Example, Says Economist Dean Baker
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How to Fix a Sluggish Job Market: Follow Japan's Stimulus Example, Says Economist Dean Baker

by DailyTicker 4:14 mins

It’s been more than four years since the Great Recession ended in June 2009.The jobless rate has fallen to 7.4% (from a 10% peak in October ’09), but that’s largely because many people have stopped looking for work. Payrolls have expanded by 7.3 million, but that’s well short of the 8.7 million jobs lost in the recession. “It is ’s a very weak job market,” says Dean Baker, co-director of the Center for Economic and Policy Research. “We have fewer jobs [and] people are taking worse jobs.”

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