U.S. economic outlook bleaker than often reported

05/1/2013 | CNBC

Continued reports of modest gains in U.S. growth may obscure the fact that the current string of tepid quarterly results amount to the longest sub-3% annual growth rate since the onset of the Great Depression in 1929. Similarly, steady gains on the employment front and lower headline figures conceal a real jobless rate of 13.8%, a count that includes discouraged and underemployed workers.

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