Federal Reserve Report Says Uncertainty to Blame for High Unemployment

A recently published report from the Federal Reserve Bank of San Fransisco says that economic uncertainty has probably added about 1% to the unemployment rate since 2008.  The paper was written by Sylvain Leduc and Zheng Liu

The report says that because of the lack of trust in the economy consumers are holding back on purchases and companies are shy to make investments and hire new workers.  The paper says that unlike most recessions the Great Recession stands out in its long drawn out doubt of the economy.

Read the Full Report at the Federal Reserve Bank of San Francisco