High Unemployment Remains in a Weak Economic Recovery
source: http://www.heritage.org/Research/Reports/2011/07/High-Unemployment-Remains-in-a-Weak-Economi...
Despite the official end of the recession in June 2009, the labor market remains stagnant. Employment has fallen by nearly 7 million jobs since the recession began. Unemployment remains above 9 percent. This is the weakest recovery of the post–World War II era. Current policies have not stimulated business hiring. If job creation occurs at the same rate as in the 2003–2007 expansion, unemployment will not return to pre-recession levels until 2018. If job creation continues at the low rate of the past year, unemployment will remain permanently high. Congress needs to act to prevent this by removing federal barriers to business investment and succes http://www.heritage.org/Research/Reports/2011/07/High-Unemployment-Remains-in-a-...
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- groups:
- Community
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- tags:
- Economic Collapse, Social Collapse
