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By Robert Barbera and Charles Weise
Published: January 10 2010 19:15 | Last updated: January 10 2010 19:15
Only one short year ago, the world was staring depression in the face. Now the economy is recovering, but many commentators are warning of a "jobless recovery" of the kind that followed the last two recessions, in 1990-91 and 2001.
Most recently, on January 3 at the American Economic Association annual meeting, Don Kohn, US Federal Reserve vice-chairman, warned that employment growth in 2010 would most likely be slow. Thus the conventional wisdom now has it that the message embedded in Friday's December US jobs report "“ a seeming end to firing but little evidence of net new hiring "“ will turn out to be a precursor to similar news on jobs that will dominate throughout 2010.
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