CNBC Power Lunch April 16, 2014
Struggling to overcome. So we have indeed had disappointingly slow recovery, and our consistent expectations for a pickup in growth have been dashed over a number of years. The labor market is behaving in perplexing ways and showing patterns that are novel. I agree with the points that you mentioned, and i mentioned some in my own remarks, parttime employment thats involuntary is remarkably high in comparison with any past recovery. The length of unemployment spells is higher than we have seen it during the post war period. And labor force participation, as i mentioned, has decline a lot. I th...