How Tough Are Economic Conditions?
This Labor Day weekend marks one of the most difficult periods for many Americans since the Great Recession.
Here is a list of startling statistics that brings this in focus:
The Great Recession is aptly named since this is the worst downturn since the Great Depression. The following statistics come from The Associated Press:
Wages down: As a percentage of the economy, wages and benefits have declined from 64 percent to 57.5 percent.
Jobless up: Unemployment has never been so high, 9.1 percent, this long after any recession since World War II. At this point in the last three recessions, unemployment was at 6.8 percent.
Veterans hurt: The jobless rate for veterans who served at any time since September 2001 was 13.3 percent in June.
Costs up: Socked by rising gasoline and food prices, average …
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Publication information: Article title: How Tough Are Economic Conditions?. Contributors: Not available. Newspaper title: The Florida Times Union. Publication date: September 4, 2011. Page number: Not available. © 2007 The Florida Times-Union. COPYRIGHT 2011 Gale Group.
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