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Thursday, July 28, 2011

postheadericon A vision for economic renewal â an American jobs agenda

America is facing a catastrophic jobs crisis. Not since the Great Depression has official unemployment hovered above nine percent -- where it is today -- for more than 20 months. Millions of Americans have given up looking for a job altogether. Even worse, real unemployment is more than 18%. Yet Washington overall has obviously yet to embrace a large-scale job creation agenda. Even if we reach consensus around the deficit -- the only economic issue even getting any attention these days -- it will do little to help the 29 million Americans who are unemployed in real terms. If we do not seriously tackle jobs, our country may never regain its competitive global edge.

We recently co-chaired a task force on job creation, seeking real solutions to the jobs crisis plaguing our country. This group of policy makers, economists, business and labor leaders developed a series of 15 immediate recommendations for reversing the crisis, outlined in a new report, "Vision for ! Economic Renewal: An American Jobs Agenda." We found there are six vital policy areas that our government must address in order to create millions more jobs now: manufacturing, trade and globalization, U.S.-China trade, the infrastructure crisis, jobs in the green economy, and youth unemployment.

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