[quote=jpinpb]I think there may be more unemployment on the horizon. But what’s troubling is there isn’t a sign of employment for the carnage that has occurred, i.e. job creation, in the future.
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I agree with JP, even in a situation where the unemployment rate stays the same, there are layoffs & there are hiring. In this situation, the layoffs & the hiring balance each other out.
In the aftermath of a recession, many companies are reluctant to hire, hence the unemployment rate keeps climbing.
