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Posted on 07.02.09 by Steve Trinward
“This could become the third time in a row that Americans struggle out of recession only to find themselves in a so-called ‘jobless recovery.’ The phrase became popular back in the early 1990s, when a frigid post-recession job market paved the way for Bill Clinton to defeat incumbent George H. W. Bush in the 1992 presidential election. Then the pattern was repeated after the 2001 recession, in a more pronounced way. Despite a disappointing monthly jobs report Thursday, the good news is that economists generally expect the US economy to start growing again later this year. But the report, showing 9.5 percent unemployment in June, served as a reminder that the current environment for US workers is unusually tough.” (07/02/09) Link: http://tinyurl.com/n4l5zn Filed under: CANDi News and PND News and RRND News | Report Bad Link Bookmark this post in Furl or Del.icio.us | |









