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U.S. July Jobs Numbers are Dreadful
Even though the latest economic data show that the contraction during the Great Recession was slightly less severe than previously reported, it remains the largest decline since quarterly data became available in 1947. Cumulatively, real GDP fell by 4.3% during the recession. Moreover, the jobs lost then have never been recovered. Continue reading
Posted in economy, news, news analysis
Tagged autoinformed, autoinformed.com, eci, great recession, Heidi Shierholz, Ken Zino, u.s. unemployment
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