In the fall of 2007, when the U.S. economy first seemed in peril, I began answering reader queries here on the Business Desk. I still do so occasionally, but this page has expanded to include posts from eminent economists, "far-flung correspondents," and a variety of voices that have intriguing and/or useful things to say about economics, broadly defined. Please feel encouraged to respond to any and all of them.
Editor's note: On tonight's NewsHour, Paul visits a New York City job fair to get a sense of how many Americans who have been out of work for extended periods of time are coping with their job searches. There's been a lot of talk in the media about how the economy is turning a corner -- that a recovery is on its way, possibly even here already. But, as Paul discovered speaking to job seekers, many unemployed aren't seeing promising prospects on the horizon.
According to Venkatesh, the days of a company giving someone a job for 10 years may be over; many American companies don't know where they themselves will be in six months to a year. Instead, as companies hire more people for shorter periods of time, on a contract or freelance basis, we'll need better ways to evaluate how this type of employment fits within our models of economic recovery.
And check back here later this week, when we'll have a video update on Phil Mereday, one of the job seekers Paul interviews. Mereday, a college graduate and military veteran, had been out of work for about a year when he spoke to Paul, but he's since landed a job and will weigh in on what it has been like transitioning back into the workforce.