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Statement by Chad Stone, Chief Economist, Center on Budget and Policy Priorities, on the February Employment Report
March 6, 2009The sharp deterioration in the job market that continued in February was, as expected, grim, underscoring why it was so important that Congress enact an effective economic recovery law last month. No one should expect that law to put the economy back on track immediately. But if federal, state, and local governments implement the law wisely and expeditiously, it will significantly limit further increases in unemployment and boost the number of jobs well above what it otherwise would be over the next several years. Full release.