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HATZIUS: WILL UNEMPLOYMENT REMAIN STRUCTURALLY HIGH?

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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