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Posted AT 8:14 PM EST on 03/07/08

'If there's no recession, someone forgot to tell the labour market'

BARRIE MCKENNA

From Friday's Globe and Mail

WASHINGTON — Forget the technical definition. The United States has the look and feel of a country in recession as job losses, high gas prices, tumbling home values, tight credit and a stock market rout bite ordinary Americans. Another 62,000 jobs vanished in June – the sixth consecutive month of job losses, according to a U.S. Labour Department report Thursday.

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