The unemployment rate jumped to 9.7 percent in August, "amplifying worries that millions of households are likely to endure financial anxiety and lean times for months to come," the New York Times reported today.
The Times added that while most economists believe the United States has escaped the grip of recession "as a technical matter," the federal government's new jobless figures "lent credence to a growing consensus that the recovery is likely to be weak and fragile, prompting most companies to hold back from hiring aggressively."
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