Mean Street: The Coming Obama Jobs Disaster

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Published in the Wall Street Journal April 3, 2009 by Evan Newmark

Yesterday’s jobless claims hit a 26-year high. And this morning’s jobs numbers were predictably awful. The economy lost 663,000 jobs in March and unemployment jumped to 8.5%.

Ask anybody running a business — and they’ll tell you, they expect the job market to get even worse.

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