10 Percent Unemployment Forever?

BY TYLER COWEN, JAYME LEMKE | JANUARY 5, 2011 FP Foreign Policy

The U.S. economy finally appears to be picking up steam and headed toward recovery:: several economic indicators — including manufacturing and services output, and sales of cars and consumer goods — have shown noticeable improvement over the last few months.But there’s good reason to believe that the labor market won’t be keeping pace

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