Why Over 8% Unemployment Could Lie Ahead

Severe fiscal tightening in the U.S. will lead to no growth or a contraction in the first two quarters of 2013 and will push unemployment over the 8 percent level, according to Lombard Street Research. The knock-on effect will mean pain for the business sector, with corporate profits falling after a…

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Why Over 8% Unemployment Could Lie Ahead

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