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July 20, 2009

All Business: Job losses biggest hurdle to recovery

  • Unemployment stands at a startling 16.5 percent when you count those who can only find part-time jobs and those who have given up looking.
    • By RACHEL BECK
    AP Business Writer

    NEW YORK — All the talk about a “jobless recovery” being ahead for the economy misses the point. There won't be much of a recovery at all if the labor market stays in such dire straits.

    You don't need to be an economist to understand why the nation's joblessness is the biggest hurdle to reviving growth.


     
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