THE RECESSION: The Growing Specter of Unemployment

The U.S. was built on the work ethic, and for all the evolution in lifestyles, the first identification for most Americans remains what they do, the job they hold. There are many monetary cushions, from unemployment insurance to food stamps, to aid the jobless in today's economy, but there is no balm for the sense of anomie and loss felt by an able man or woman whose skills are no longer wanted anywhere. The memory cells of the nation are still etched with the widespread corrosion of self-confidence that occurred in the Great...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!