The report consists of three parts: "The Design of a Federal Employment Program to Counter Recession"; "The Design of a Federal Employment Program in a Strategy to Raise Low Earnings"; and "The Design of a Guaranteed Job Opportunity as a Part of Welfare Reform". In Part 1, an Anti-Recession Program (ARP) is proposed. ARP is an automatically triggered Federal employment program that builds on the current Public Employment Program, but tries to correct its weaknesses. In Part 2, a two-pronged strategy to raise low earnings is proposed, consisting of an increase and extension of the Federal minimum wage, and job creation induced by a Federal employment program. An Employment Incentive Program (EIP) is proposed with reservations. Finally, in Part 3 the obstacles to implementing a guaranteed job opportunity are analyzed. (Author)