What does slow recovery from a calamitous slump look like? In the U.S., you see women's pay catching up with men's and steady gains in full-time employment. But middle-class incomes have dropped to levels of the late 1980s or early 1990s.
With the U.S. government's latest monthly employment report, the American job market has entered a bewildering phase. The U.S. may be closer to "full employment" than is commonly supposed, but the weak recovery since 2009 is hardly typical of economic cycles since World War ...
To be among America's long-term unemployed — workers who have been jobless at least six months — is especially demoralizing for midcareer professionals and managers in their 40s and up because, from the perspective of potential employers, not hiring these workers can make sense.
On close inspection, the threat that Russia could use its natural gas as a doomsday weapon involves much bluff. If used, it would probably do less damage than imagined while imposing long-term costs on Russia.