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A Lagging Recovery

June 5, 2012 1 minute Read by Four Percent

Floyd Norris, The New York Times The jobs report for May was worse than almost anyone expected. It cries out for action from Washington, but the political pressures point the other way. Just as Europe needs to do something to push growth, so does the United States. But there are powerful forces screaming to cut government spending on both continents. It may be worth noting that — in the private sector — this recovery is going a little faster than did the one following the early 1990s downturn, and is only a little slower than the most recent ones. The big difference is in government jobs. Read More

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