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From Economic Policy Institute:

The Commerce Department's announcement that GDP growth continued to falter in the first quarter of 2008, coming on top of rising unemployment and three straight months of declining employment, makes it all but certain that the nation has entered a new recession whose starting date, when it is finally declared, will be sometime in early 2008. A new EPI report, A Feeble Recovery, provides a comprehensive look at the business cycle just concluded and reveals that the recovery that began in November 2001, when measured against other post-WWII recoveries on nine key economic indicators, is one of the worst on record.

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