PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: JDN who wrote (442230)	8/13/2003 2:09:28 PM
From: Lizzie Tudor	Read Replies (1) of 769667

we all hope that but this is the reality- It's one of the worst job markets we've seen since the great depression in terms of the length and the breadth of the problems across industries and regions," says Mark Zandi, chief economist at economy.com, a West Chester, Pa.-based economic research firm. Economists and job market observers say the growing number of discouraged workers could lead to more economic distress for individuals and for the nation. Many workers who have exhausted their unemployment benefits have had to raid their savings or retirement funds or have had to borrow money to get by. Some economists, like Zandi, fear that this long-term joblessness could make itself felt in the economy. Although the nation's official arbiter of recessions, the National Bureau of Economic Research, recently declared that the recession had ended in November 2001, after only eight months, the dire employment situation is making many Americans feel like it is still going on. abcnews.go.com

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