US economy's sloth-like growth means unemployment rates will stay high

From "NPR": "Unemployment Could Stay High As US Economy Slows"

"WASHINGTON (AP) — High unemployment isn't going away — not as long as the economy grows as slowly as it did in the April-June quarter.

Weak consumer spending held growth to an annual rate of just 1.5 percent, even less than the 2 percent rate in the first quarter. And few expect the economy to accelerate in the second half of the year as Europe's financial woes and a U.S. budget crisis restrain businesses and consumers." "Read more..."

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