Business: No Recession Is in Sight

The U.S. recovery is less boomy, but still brisk

All year long, the unemployment rate—that most sensitive of political barometers—has zigzagged across the nation's economic landscape, one month bringing hopes of an improving job market, only to cruelly crush them the next. Last week, as the Labor Department released the latest statistics, the jobless figure took another upward zig, rising .2 percentage points above July to 7.1% in August.

Almost all the increase occurred among the group that can least afford it; unskilled black workers and teen-agers of the underclass (TIME cover, Aug. 29)....

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