The Recovery Is Losing Steam | WHAT REALLY HAPPENED


The Recovery Is Losing Steam

All these numbers come from the Labor Department’s survey of businesses, which is larger and more reliable than the survey of households. But the household survey gave essentially the same picture. It showed a big jump (more than 800,000) in the number of people outside the labor force — neither working nor looking for work. That’s the only reason that the unemployment rate fell, to 9.5 percent from 9.7 percent.

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