Economists hope to see strong hiring for a second consecutive month in the private sector...but if they don't, and if unemployment remains above nine percent, the U.S. economy will soon break the record for the longest streak of high unemployment since the recession of the 1980's. It's not a record anyone will cheer to see broken.
We speak to the Lakshman Achuthan, co-founder and CEO of the Economic Cycle Research Institute. Earlier in this Great Recession, Achuthan correctly predicted that there would be no double dip recession, but that the economic slowdown would not improve any time soon. He was vindicated once by the markets; he joins us to discuss what current leading indicators say about where our economy will go next.
We are also joined by Dan Clapp. Dan’s lived through the Great Recession only to land himself in an unexpected new career path — in the Green Energy sector.