Unemployment

According to The Times, the most recent recession was so deep and wide-ranging that it looks like the unemployment rate may lag at unmorally high levels for a very long time.

Despite the Obama administration’s efforts to create jobs and improve jobless reports each month, jobs growth in the U.S. remains anemic, and it could be some time before the economy experiences a robust period of growth, according to a report by the Economic Policy Institute.

For those unemployed, the recession is taking a major toll not only on their financial well-being, but on their physical and mental health as well, according to a recently released New York Times/CBS poll.

According to Bloomberg News, the Labor Department released figures which showed 11,000 lost jobs in November – the smallest monthly figure since the recession began in December 2007.