On Friday, the U.S. Labor Department will release its monthly employment report, and if trends continue, the number of jobs will increase and the unemployment rate will hover around 5.3 percent – if the meltdown in Chinese stocks doesn’t spread to the U.S. job market.
Even so, “the biggest problem is that you still have a huge bubble of people who are long-term unemployed,” said Jay Spector, 67, chief executive officer of JEVS Human Services. Read more about Jay’s thoughts on the challenges of long-term unemployment in The Philadelphia Inquirer.
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