Labor markets are deteriorating rapidly. Layoffs remain at a...

Labor markets are deteriorating rapidly. Layoffs remain at a fast pace, while hiring has all but stopped. As economic activity continues to unravel, there are few prospects for a near-term turnaround. The national unemployment rate, now at 4.9 percent, should breach 6 percent before the economy begins to recover.

Steven Wood Quote About Activity, Begins, Breach, Continues, Economic: Labor Markets Are Deteriorating Rapidly...

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