An Answer To Main Unemployment Question

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By Douglas A. McIntyre Published
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The reason for high unemployment figures in the US and the chance they will improve have been based on two opposing theories. The first is that jobs were lost because of the recession. The second is that many jobs are gone forever because of permanent changes in the economy. The debate is framed by the balance between cyclical and structural unemployment. One piece of good news from IMF researchers and other from the San Francisco Fed is that 75% of the jobs lost in the recession are cyclical, which means they will come back as the economy recovers. Based on that assessment, the recessions effect on jobs was mostly temporary

What the research did not predict is how long it will take the cyclical jobs to return. That, as much as anything, will determine the fate of the US economy over the next year.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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