Photo: #A job seeker fils out a job application. The Dept.of Labor reported the U.S. unemployment rate jumped to 6.1 percent in August.
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A job seeker fils out a job application. The Dept.of Labor reported the U.S. unemployment rate jumped to 6.1 percent in August. (Joe Raedle/Newsmakers)

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U.S. in Recession

Minnesota Public Radio coverage of the U.S. in recession.

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U.S. in Recession

Unemployment figures raise doubts about a 'soft landing'

Broadcast: Midmorning, 09/09/2008, 9:06 a.m.
Broadcast: Midmorning, 09/09/2008, 9:06 a.m.

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St. Paul, Minn. — The unemployment rate stands at the highest it's been in five years.

The borrowing picture for those wanting to buy a home got much more complicated, with the government takeover of mortgage giants Fannie Mae and Freddie Mac. Still, the stock market soared on Monday.

Midmorning tries to decipher the mixed messages in the economy.

Guests

  • Robert Brusca: Chief economist with Fact and Opinion Economics, a consulting firm.
  • Christian Weller: Senior fellow at the Center for American Progress, and an associate professor of public policy at the University of Massachusetts, Boston.
  • Steve Hine: Chief researcher with the Minnesota Department of Employment and Economic Development.

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