Wilmington, Ohio's Long Recession
60 Minutes Revisits A Town Hit Hard By The Recession; Have Things Improved Nearly A Year Since Our First Report?
This week marks the third Christmas of the Great Recession. The decline that began in December 2007 has destroyed more than seven million jobs. But that's just the half of it: millions more have had their hours cut to part time or have just quit looking for work. Altogether, that comes to 17 percent of the workforce.
There are pockets of severe unemployment all across the country in places like Wilmington, Ohio. 60 Minutes correspondent Scott Pelley first reported about Wilmington this time last year, when its major employer was closing....>>>>>
Where is All that Private Capital that sits at the top, promised to trickle down if only we'd let the powerful and best of the best Reap the Wealth of Our Labors?
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