Wednesday, October 21, 2009

AP: High Jobless Rate Is ‘New Normal’

From an utterly shameless Associated Press:

Higher jobless rates could be new normal

By Tom Raum, Associated Press Writer Mon Oct 19

WASHINGTON – Even with an economic revival, many U.S. jobs lost during the recession may be gone forever and a weak employment market could linger for years.

That could add up to a "new normal" of higher joblessness and lower standards of living for many Americans, some economists are suggesting.

The words "it’sSource: Sweetness Light RSS Feed

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