The Commerce Department said Thursday that the economy grew at a 3.5% pace in the third quarter, snapping a record streak of four straight quarterly declines.
But the economy isn't growing quickly enough to spur much hiring. The unemployment rate reached 9.8% in September, a 26-year high, and many economists expect it to peak above 10% early next year. The recession also has caused many companies to cut wages and benefits |
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Margaret Bassett passed away August 21, 2011. She was a treasured member of the Opednews.com editorial team for four years.
Margaret Bassett--OEN editor--is an 89-year old, currently living in senior housing, with a lifelong interest in political philosophy. Bachelors from State University of Iowa (1944) and Masters from Roosevelt University (1975) help to unravel important requirements for modern communication. Early introduction to computer science (1966) trumps them. It's payback time. She's been "entitled" so long she hopes to find some good coming off the keyboard into the lives of those who come after her.
