Deirdre Alton News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Unimportant prerecession peak. Has beenng system recapitalized and the Financial System is safer. When the economy was in freefall in late 2008 and early 2009, such improvement was far from certain, as indicated at the time by stock prices that were nearly 60 below credit levels and very wide credit spreads. Despite this progress, the recovery clearly remains incomplete. At seven percent, the Unemployment Rate is still elevated. The number of longterm unemployed remains unusually high, and other measures of labor utilization have improved than the Unemployment Rate. Labor force participation continues to decline, and although some of this reflects of itterm trends, some likely reflects potential discouragement about job prospects. In retrospect, many of the factors that held back the be identified. Some of these ....

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