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HATZIUS: WILL UNEMPLOYMENT REMAIN STRUCTURALLY HIGH?

31 August 2010 by Cullen Roche 3 Comments

Jan Hatzius of Goldman Sachs discusses the long-term ramifications of the Great Recession and why unemployment might remain structurally high.  He also believes this Friday’s jobs report will disappoint to the downside as the private sector creates zero jobs and census firings drive total payrolls to -125K, both worse than expected.

Source: CNBC

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Comments
  • GLH

    Let me give everybody my definition of a jobless recovery. A jobless recovery is when Wall Street pays off a bunch of crooked politicians, from both parties, to let the banks lie about their books and their real earnings so they can stay in the gambling business while the rest of the country goes to —-. Sorry, but that is the way I feel about a jobless recover. There is no such thing.

    08/31/2010 at 7:50 PM
  • sje

    Welcome to the new normal, it’s here to stay and when investors realize it then and only then will we find out where the market will shake out.

    08/31/2010 at 10:21 PM