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- Rocky Road: The Labor Market Will Be in Crisis for a Long Time
Rocky Road: The Labor Market Will Be in Crisis for a Long Time
In September 1945 the U.S. economy lost almost 2 million jobs as the military demobilized after the end of WWII. This April, the economy lost over ten times that number. The unemployment rate now stands at 14.7%, the highest since the Great Depression in the early part of the 20th century, when it reached 25%.