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Friday, March 1, 2013

The Jobs Picture Is Far Worse Than It Looks

The Jobs Picture Is Far Worse Than It Looks

Mort Zuckerman, U.S. News
We think of the iconic images of the Great Depression as representative of a uniquely miserable period, long vanished from American history. The bread lines and soup kitchens of those abnormal times have gone. So, too, has the sight of thousands of men (there were very few women among them then) waiting all day outside a factory in a forlorn quest for work.But they're there still, in the many millions across the country—little changed in their total since the 1930s: 12.3 million today are fully unemployed, compared to 12.8 million in 1933 at the depth of the depression.http://www.realclearpolitics.com/2013/03/01/the_jobs_picture_is_far_worse_than_it_looks_303000.html

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