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06 Nov 2009 03:05 pm

Chart Of The Day

EmploymentRecessionsOct

From Calculated Risk. James Pethokoukis:

Remember in the early 1980s 7 straight quarters of avg. GDP growth of roughly 7% (!) lowered jobless rate by only 2.5 percentage points. Hard to see economy booming like that between now and Election Day 2010.

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