How Bad IS It?

Almost everyone remembers the so-called crash of 1987. Are things even worse now than they were back then? The Bureau of Labor statistics just released its household and payroll surveys today. For further analysis – and to find out if the predictions of a 7.5 percent unemployment rate are valid – we turn to Diana Furchtgott-Roth, Senior Fellow at the Hudson Institute and former chief economist of US Dept of Labor. Click to hear the interview.

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