Gen. Science, Space
Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.
Alexis de Tocqueville
the historically slow recovery, today:
Debt Overhang Slows U.S. Economic Recovery - WSJ.comTwo years ago, officials said, the worst recession since the Great Depression ended. The stumbling recovery has also proven to be the worst since the economic disaster of the 1930s.
Across a wide range of measures—employment growth, unemployment levels, bank lending, economic output, income growth, home prices and household expectations for financial well-being—the economy's improvement since the recession's end in June 2009 has been the worst, or one of the worst, since the government started tracking these trends after World War II.
In some ways the recovery is much like the 1991 and 2001 post-recession periods: All three are marked by gradual output growth rather than sharp snap-backs typical of earlier recoveries. But this recovery may remain lackluster for years, many economists say, because of heavy household debt, a financial system still damaged by the mortgage crisis, fragile confidence and a government with few good options for supporting growth.
can you deny it?
recovery summer, anyone?
reuters' rendition: The US Jobs Gap
"payroll employment today is 5% lower than it was before the recession began 41 months ago, that places the current economic recovery far below all other recessions dating back to the 1960's"
today: U.S. jobless claims 418,000 - MarketWatch
13 straight weeks over 400,000, "the level usually associated with a stable labor market"
U.S. Payrolls Rise 18,000; Jobless Rate Climbs to 9.2% - Bloomberg
private sector pathetic +57000, public sector lost 39000 jobs
labor pool historic low, 64.1, smallest since 1984
party on, progressives
Jobs barely rise, dousing hopes of revival - Yahoo! Finance
are YOU in a position to deny ap?U.S. employment growth ground to a halt in June, with employers hiring the fewest number of workers in nine months, dampening hopes the economy was on the cusp of regaining momentum after stumbling in recent months.
state layoffs (on the order of hundreds of thousands) are just getting going, for your informationThe government revised April and May payrolls to show 44,000 fewer jobs created than previously reported. The report shattered expectations that the economy was starting to accelerate after a soft patch in the first half of the year.
State budgets are set to cause strain on the economy - Josh Boak - POLITICO.com
hold on, folks, she's coming down fast