We Could be Facing Another Jobless RecoveryQuicklink submitted by Margaret Bassett Permalink
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|In the postwar era, there have been 10 recessions excluding the present one. After the first eight ended, unemployment usually peaked within a few months - about three on average. But after the last two recessions, the unemployment rate kept climbing for more than a year, giving rise to the term jobless recovery. The rate didn't peak until 15 months after the recession ending in 1991, and 19 months following the one ending in|
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