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The jobless economic recovery may not be so jobless after all, according to an economic consultant who spoke at last week's National Real Estate Lending Conference here.
Although the "official" government survey of businesses indicates more than 775,000 jobs have been lost since November 2001, the survey of American households shows that nearly 2.3 million net new jobs have been added over the same period, Jeff Thredgold of Thredgold Economic Associates, Salt Lake City, reported.
Mr. Thredgold, who spent 23 years with the Key Corp., said the reason for the discrepancy is that most of the job creation currently taking place is occurring in small, medium and start-up businesses, few of which ...
Source: HighBeam Research, Job Gains May Be Underreported.(Thredgold Economic Associates...