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THE GREAT STAGNATION
The Great Stagnation: Five Years Into the Recovery and Americans Still Don't Feel It
Associate Professor of Economics, Siena College
Stock prices and corporate profits have surpassed their pre-recession peaks and the unemployment rate has fallen from 10 percent to 6.3 percent. Many Americans, however, are not feeling the fruits of this growth. In fact, 57 percent of Americans still believe the economy is in a recession.
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