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View Diary: Just 169,000 jobs added in August. June and July revised downward. Unemployment rate at 7.3% (45 comments)

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  •  2028: heart of the issue. (1+ / 0-)
    Recommended by:
    Eric Nelson

    From the diary:

    If the economy maintained the 148,000 average gain in jobs we've seen for the past three months, it would take until May of 2028 to return to the unemployment levels when the recession began in December 2007.
    Go back and look again at the graph in the diary of all post-WWII recessions. See how, in the last 4 recessions, the time to job recovery has gotten longer and longer? What's going on?

    Nobel winner Stiglitz says it's offshoring & automation, and that they will get worse, not better:

    Our political system is not even beginning to grapple with the implications of this.

    "The true strength of our nation comes not from the might of our arms or the scale of our wealth, but from the enduring power of our ideals." - Barack Obama

    by HeyMikey on Fri Sep 06, 2013 at 11:13:25 AM PDT

    [ Parent ]

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