“The United States has just suffered through the most severe recession since the 1930s. The economys output is currently about 6 percent below CBOs estimate of potential gross domestic product (GDP)the output the economy would produce if its resources were fully employed. At 9.7 percent, the unemployment rate is about twice what it was in December 2007. Since that time, employers shed about 8.4 million jobs. Moreover, if employment had grown during that period at the same rate at which it grew from 1990 to 2007, millions of additional jobs would have been added to the economy. All told, the recession has lowered employment by about 11 million jobs relative to what it would otherwise be. The good news is that the economy appears to be starting to recover…”
Sabrina is also the solo Editor, Publisher and Founder of LLRX.com® – Legal, technology and knowledge discovery resources on the “moving edge” for Librarians, Lawyers, Researchers, Academic and Public Interest Communities – launched in 1996.