Twenty-six years on since 1983 and now the US has achieved its highest rate of unemployment. The unemployment rate is believed to be around 9.7% although lay-off’s are supposedly easing since the beginning of the year. Ever since the recession started in 2007, the US has got rid of a total of 6.9m jobs. Worse news is that there doesn’t seem to be a rush in recovery. High unemployment is continuing and has lessened the need for goods and services, which in turn means companies having to lessen prices. The consumer spending accounts to over two thirds of the US economy.
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