Diane Stafford, Kansas City Star: Recession or depression? There’s a case for both

Posted at Kansas City Star today:

As the nation struggles to name our ongoing economic pain, we may be settling on The Great Recession.Friday’s jobs report — that U.S. employers cut 651,000 jobs and the unemployment rate leaped from 7.6 percent to 8.1 percent in February — did nothing to spark hope for an imminent end to the recession that began in December 2007.Unemployment now stands at its hig…

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