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by SixFigureStart | August 25, 2009

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Says who: The 250,000 Americans impacted by fallout in the automotive industry (i.e. lost their jobs), whether they worked on site for the companies, at dealerships, or supplier companies.

Why it might be false: manufacturing is just 10 percent of the economy; not the 38.8 percent it once was, so what happens in manufacturing won’t move the needle nearly as much as it once might have. Adding jobs by any employer will surely offer a positive sign that the recession is ending, but it’s almost impossible for General Motors to offer enough jobs to crack that. [Read more…]

--Posted by Marie Wiltz, RecessionWire.com

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