28-February-2023
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12-October-2022
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After a rapid recovery from the pandemic, the U.S. economy faces significant challenges from surging inflation and slowing economic activity, according to a new OECD report.
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The unemployment rate has also risen precipitously in recent months, reaching 14.7% in April before falling back to 11.1% in June. Worryingly, the last time the US unemployment rate exceeded the recent peak was during the Great Depression.