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Tami Luhby, CNN Money We all know by now that it's hard for the long-term unemployed to get back into the workforce. But just how hard is it? Economists at the San Francisco Federal Reserve put a number on the odds. In the first few weeks after losing their jobs, about 3 in 10 people are able to find work. But after about a year of being out of work, the chances of landing a job fall to just 1 in 10 per month. People with the best job prospects tend to find new opportunities fairly quickly. But those who come from industries that are downsizing or who have outdated skills can wind up unemployed for many months or even years. Though this has long been true, the Great Recession has hit the long-term unemployed even harder. The unemployment rate was higher during the 1980s recession, but the most recent economic downturn has lasted longer, making it more difficult for people to find new jobs. Read More
TARIFFIED: Trade Talk with Matthew Rooney
This week, trade relations between the U.S. and India are continuing to escalate. Earlier this month, the U.S. stopped granting India special trade privileges by taking away the Generalized System of Preferences (GSP) program, and India has responded by enforcing more tariffs of its own. The George W. Bush-SMU Economic Growth Initiative Director Matthew Rooney breaks down the trade conflict: For more information on trade groups and the global economy, visit www.bushcenter.org/scorecard.
How Trade Spreads Holiday Cheer
It is projected that the average American household will spend more than $1,000 during the holidays this year.
Deporting Salvadorans May Lead to Economic Decline
We should think carefully about a policy whose major impacts are likely to be reductions in employment and economic activity here at home, and increased instability and lawlessness along our borders.
Bush Institute's Laura Collins Talks Immigration on Good Morning Texas
Last week, Deputy Director of Economic Growth at the George. W. Bush Institute Laura Collins spoke with Good Morning Texas about immigration myths. During the interview, Collins had the opportunity to set the record straight and address common misconceptions about legal immigrants living in America today. The segment was inspired from facts released earlier this fall by the Bush Institute in the third edition of America's Advantage: A Handbook on Immigration and Economic Growth. Watch the full Good Morning Texas interview here.