Wichita

For the first time since World War II, there are fewer jobs three years after the end of a recession than before it began. Our new Brookings report suggests that most of this flat recovery can be attributed to severe losses in housing wealth and jobs in industries such as manufacturing and construction. Yet education--especially the balance between the demand and supply of educated workers--is the most important factor explaining long-run unemployment in metropolitan and national labor markets. First, consider the short-run picture.

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