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2. Nevertheless, the nature of labor market adjustment in the current recession displays a remarkable resemblance to that observed in past severe recessions.
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See the attached.
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In 1900, one mother died for every 118 live births in the United States. Approximately 15,000 women died of childbirth each year between 1900 and 1930, and pregnancy related causes accounted for over 15% of all female deaths at age 15-44. For every death, twenty more mothers suffered obstetric...
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