Sunday, August 8, 2010

Recovery Stalled?

Has the recovery stalled out? The changes in the jobs market may indicate it has...the unemployment rate has held steady at 9.5%, but mostly because of a quirk of how the government calculates the number. As people stop looking for jobs they drop out of the calculation. The private sector simply isn't generating enough jobs to sustain the recovery. Perhaps the reason for the slow jobs growth is the increased use of technology to replace workers.

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