July 18, 2009
The consensus of economic wisdom now informs us that we are facing a jobless recovery. That might not be so bad if it hadn’t been preceded by a long period of poorly paid prosperity
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July 18, 2009
The consensus of economic wisdom now informs us that we are facing a jobless recovery. That might not be so bad if it hadn’t been preceded by a long period of poorly paid prosperity. Minutes of the Fed’s June policy meeting released last week show that officials now expect the jobless rate to rise above 10% in coming months even as the economy recovers faster than they had previously projected
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