Can the U.S. Economy Recover from the Current Slump ?

The official unemployment rate in September stood at 9.6%. The total number of unemployed persons was 14.8 million.  The number of long-term unemployed (27 weeks and more) stood at 6.1 million. Billions of dollars in bailouts have saved the large banks and the economy from complete collapse but the $14.5 U.S. economy is unable to …

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