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Feature Article by Stephen Lendman
Another US Great Recession Coming?
by Stephen Lendman (stephenlendman.org – Home – Stephen Lendman)
Hindsight is the best foresight, so clarity will arrive as events unfold.
For the vast majority of ordinary Americans, the 2008-09 great recession never ended.
Real unemployment is around 21%, based on how numbers were calculated in the 1980s.
The so-called U-3 headlined unemployment number omits individuals without jobs who want them, including many longterm unemployed ones not looking after months of failure to find work.
Millions of unemployed Americans are considered nonpersons, their status omitted from headlined monthly Labor Department figures.
These are real people struggling to get by. Most working Americans hold low-wage, poor-or-no benefit temporary or part-time service jobs.
Already living in poverty or bordering it, they're one or a few missed paychecks away from possible homelessness, hunger and despair — the
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