Economics

What's Wrong With the U.S. Job Market?

Despite hints of recovery, the U.S. job market is still in dismal shape—but not for the reasons you think
Photograph by Daniel Shea for Bloomberg Businessweek

Joey Griffiths grew up in the western New York town of Dunkirk and left home at 17. Now he’s 30 and working as a bill collector in Jackson Heights, Queens. He has bills of his own to pay. Says Griffiths: “I’m good at collections because I understand what they’re going through. Just surviving.”

You hear a lot of just-surviving talk on the sidewalks of Jackson Heights, a polyglot neighborhood just south of LaGuardia Airport. Rajesh, a limo driver who declined to give his last name, says he’s barely scraping by in spite of driving or waiting for fares at least 12 hours a day, seven days a week. “One day ends, the next day is coming,” he says. Klaus Bauer, a 24-year-old immigrant from Cape Town, South Africa, is trying with little success to make it in computer science. He’s homeless. “Right now I might be moving somewhere,” says Bauer. “Another city. Another state. Trying to find some seasonal work, off the books. Get my own IT business together.”