[CHRIS] ARNOLD: In other words, without the rest of the economy doing better, will the recovery in the jobs market stall out?
Lawrence Katz says that idea is troubling, because even the job growth that we're seeing right now isn't great and we need it to get much stronger.
[LAWRENCE] KATZ: Even if we had a very rapid recovery, we have a huge distance to go still. We are still 10 million jobs behind. So it would take basically four years of strong job growth to get back to a normally functioning labor market.
ARNOLD: So slower job growth would mean an even longer period of high unemployment and economic hardship for millions of Americans.
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Filed under: * Culture-Watch History * Economics, Politics Economy Labor/Labor Unions/Labor Market The Credit Freeze Crisis of Fall 2008/The Recession of 2007-- The U.S. Government Federal Reserve
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