WASHINGTON AP - An economy growing 2 percent a year might be tolerable in normal times. Today, it's a near-disaster.A growth rate of 5 percent or higher is needed to put a major dent in the nation's 9.6 percent unemployment rate. Two reasons why that's unlikely well into next year and maybe beyond:- Construction - both residential and commercial - collapsed last year.
November 01, 2010 at 12:00 AM
1 minute read
WASHINGTON AP – An economy growing 2 percent a year might be tolerable in normal times. Today, it’s a near-disaster.
A growth rate of 5 percent or higher is needed to put a major dent in the nation’s 9.6 percent unemployment rate. Two reasons why that’s unlikely well into next year and maybe beyond:
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