“The labor market is improving but will need years before it returns to pre-crisis levels, says Harvard professor and former IMF chief economist Ken Rogoff.
“I think it’s a long road ahead,” he told CNBC. “It can take many years for it to hit bottom and it has. And it takes many years for it to come back up,” Rogoff tells CNBC.
“We’re not going to get a boom suddenly to getting 400,000, 500,000 jobs for several months which for a little while people were hoping.”
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