June 04, 2010 at 10:10 AM EDT
Why We’re Falling Into a Double-Dip Recession
We’re falling into a double-dip recession. The Labor Department reports this morning that the private sector added a measly 41,000 net new jobs in May. But at least 100,000 new jobs are needed every month just to keep up with population growth. In other words, the labor market continues to deteriorate. The average length of unemployment continues to [...]
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