How bad is U.S. unemployment? Really, really bad

One shouldn't have to say this, of course, but Canadians should keep an eye on unemployment in the United States because, when U.S. consumers have jobs, they get in a buying mood and they tend to buy a lot of stuff made with Canadian exports.

So this is a rather sobering observation from Roger Alcaly: “Even if the economy grows five per cent a year over the next three years, which seems unlikely, the US will probably not return to full employment before 2013.”

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