02/01/2011 04:42 pm ET Updated May 25, 2011

How A New Jobless Era Will Transform America

HOW SHOULD WE characterize the economic period we have now entered? After nearly two brutal years, the Great Recession appears to be over, at least technically. Yet a return to normalcy seems far off. By some measures, each recession since the 1980s has retreated more slowly than the one before it.

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