Where political partisans in Washington may bicker about the unemployment situation in the US, given the loss of work utility from long-term unemployment, Hamermesh suggested that the current state of affairs is precarious.

FORBES: Ongoing Developments in the Unemployment Conundrum

Honda has indicated that it will recall about 554, 000 sport utility vehicles in the United States to inspect for faulty wiring in headlights while General Motors has plans to recall 6, 159 big vans and sport-utility vehicles in the United States for possible loss of steering.

FORBES: Spring 2012: The Season Of Recalls For Auto Giants