Private Sector Expands Slightly, but Governments Cut Jobs; Treasury Yields Dip
AUGUST 7, 2010
By SUDEEP REDDY
The government’s latest snapshot of the job market was bleak, a sign the economic recovery is running out of steam with 14.6 million Americans still searching for work.
In the wake of Friday’s disappointing jobs report, Neal Lipschutz and Phil Izzo discuss new predictions that it could be many years before the nation’s unemployment rate reaches pre-recession levels.