There’s a new word that I’ve learned this year: “nadir.” I’m not quite sure how to pronounce it, but it means “the lowest point” and seems an apt description of the state of the US economy.
Now two years into the economic recovery, the US has stopped hemorrhaging jobs and has added jobs for 7 straight months, but the situation is still just a smidgen above the darkest days of the crisis in terms of the share of people out of work and the odds that an unemployed worker can find a new job.
The above excerpt was originally published in BNET. Click here to view the full article.
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