Still Waiting For The Job Recovery

Two million people have lost their jobs since President George W. Bush got his. Last week's report that unemployment in June jumped to 6.4%, from 6.1% in May, left economists debating whether the economic recovery is really as close as advertised. A survey of forecasters by the Wall Street Journal predicts an above-average 3.7% economic growth rate for the rest of the year. But that may not be enough to cut unemployment substantially, especially given the reluctance of companies to hire. In fact, workers are demonstrating far more faith in the recovery than employers. One reason for June's jobless jump is...

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