The fundamental challenge in this recession is that the growth that preceded it was a mirage. Bubble era borrowing created a network of financial jobs, real estate jobs and construction jobs that collapsed with the end of the bubble. Many of those jobs will never return.
An extremely high proportion (75%) of job losses in this recession are permanent rather than temporary. States will need to nurture completely new industry sectors and the infrastructure to support those jobs, while the jobless will need retraining in new skills to participate in those sectors.
This Dispatch will discusshow funding from the federal recovery plan can help offset the costs ofmaintaining and even expanding early education programs. This Dispatchwill also highlight the economic and educational benefits of supportingearly education programs, as well as the different methods that stategovernments are employing to help reduce the cost of and promote theexpansion of quality early child care and state pre-k programs.