That’s the headline on David Leonhardt’s column in today’s New York Times, and it delivers a clear and simple summary of who’s suffering and why during the current downturn.
“What does the worst recession in a generation look like?” the Times’ economic columnist asks.
“It is both deep and broad,” he says. “Every state in the country, with the exception of a band stretching from the Dakotas down to Texas, is now shedding jobs at a rapid pace. And even that band has recently begun to suffer, because of the sharp fall in both oil and crop prices.”
He goes on to explain why men, Hispanics and workers without a college degree have been most likely to wind up on the unemployment line.
Click here to read all of David Leonhardt’s column.
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