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    Higher jobless rate could be new normal
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    Many of the 7.2 million jobs the economy has shed since the recession began in December 2007 may never come back. "This Great Recession is an inflection point for the economy in many respects. I think the unemployment rate will be permanently higher, or at least higher for the foreseeable future" said Mark Zandi, chief economist and co-founder of Moody's Economy.com. Full Article at Southern CA Press-Enterprise
    This Great Recession is an inflection point for the economy in many respects. I think the unemployment rate will be permanently higher, or at least higher for the foreseeable future
    Mark Zandi – Mark Zandi SOURCE: Southern CA Press-Enterprise 4 weeks ago
All quotes from:
Higher jobless rate could be new normal
  1. I wouldn't say never. But I do think it's going to be a long time
    – Bruce Bartlett SOURCE: Southern CA Press-Enterprise 4 weeks ago
  2. The linkage between growth in the economy and growth in jobs is not what it was. I don't know if it's permanently broken or temporarily broken. But clearly we are not seeing the sort of increase in employment that one would normally expect
    SOURCE: Southern CA Press-Enterprise 4 weeks ago
  3. It's a new normal that U.S. growth is going to be anemic on average for years. Right now, the prospect is bleak for anything other than a particularly high unemployment rate and a weak jobs-creating machine
    SOURCE: Southern CA Press-Enterprise 4 weeks ago
  4. The collective psyche has changed as a result of what we've been through. And we're going to be different as a result
    Mark Zandi – Mark Zandi SOURCE: Southern CA Press-Enterprise 4 weeks ago

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