Three years after the Great Recession officially began, nearly 27 million U.S. workers either are jobless or in need of full-time work. At the sluggish rate the economy is creating jobs, it will take up to a decade or more before pre-recession levels of unemployment are restored, according to a new report. 

The economy has changed significantly over the past 30 years, but those changes have not made life better for  low- and middle-income Americans. In the latest edition of “The State of Working America,” Economic Policy Institute (EPI) economists point out that while the American workforce is larger, more diverse, and better educated than ever before, income growth has been slow and inequality has grown.

Here’s some news that gets buried in the normal the-sky-is-falling Social Security coverage. Although the weak economy is having a short-term impact on Social Security’s finances, Social Security is still projected to run an $868 billion surplus over the next decade, according to a new report from the Congressional Budget Office (CBO).

Today, AFL-CIO President Richard Trumka and Chamber of Commerce President Thomas Donohue issued a rare joint statement supporting “Obama’s call to create jobs and grow the U.S. economy through investment in our nation’s infrastructure.” Trumka and Donohue said:

Whether it is building roads, bridges, high-speed broadband, energy systems and schools, these projects not only create jobs and demand for businesses, they are an investment in building the modern infrastructure our country needs to compete in a global economy.

If new House Budget Committee Chairman Rep. Paul Ryan (R-Wis.) gets everything on his budget-cutting wish list, it would be, says a new analysis from the Economic Policy Institute (EPI):

a massive transfer of wealth from the middle class to wealthy Americans and corporations and a wholesale dismantling of the social programs that all Americans rely on, including Medicare and Social Security.

The Obama administration today announced a new rule on how the wage rates employers must pay to H-2B temporary foreign workers will be calculated. But the new rule does not take effect until 2012.