The new employment numbers are out from the U.S. Bureau of Labor and Statistics, and at 9.8 percent, we lost more jobs in November than we gained. We aren't in another recession, but we have a long way to go before we're all the way out of the Great Recession.

Fortunately, crystal balls don't work, so we don't really know if we're talking another year or a generation till we're back to some kind of normal, and at this point, both scenarios are a possibility.

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