A survey of industry analysts suggests that unemployment in the US could reach 10% if growth in the economy does not improve over the next few months. So far this year, a total of only 723,000 new jobs have been created; an estimated 8.4 million jobs were lost during the recession and at the current rate of growth, it will take years for the job market to recover.
Ã¢â‚¬Å“Growth is too sluggish to successfully bring down the unemployment rate,Ã¢â‚¬Â said Michelle Meyer, a senior economist at BofA Merrill Lynch in New York. Ã¢â‚¬Å“At this stage, about one year into the recovery, this was still quite feeble job growth.Ã¢â‚¬Â
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