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Sunday, February 07, 2010

Wasted resources

More data points keep coming in.

Frustrated job seekers deciding to call it quits - Yahoo! Finance: "Many jobless people have reached a conclusion that captures the depth of the unemployment crisis: Looking for a job is a waste of time.

The economy is growing. Yet it's creating few jobs. That's why in the past eight months, 1.8 million people without jobs left the labor market. Many had grown so frustrated by their failure to find a job that they threw up their hands and quit looking for one."

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