“Sluggish doesn’t mean sturdy. Slow growth doesn’t bring strength. “
When times are hard, people work harder and work to make business more efficient. It is part of the boom/bust cycle.
Thank goodness the AP is to tell us not to believe our lying eyes.
The fragile market is pumped up by ‘cheap’ money and the fed still buying billions of bonds a month. Part time work makes it look like there is job growth. And the millions of illegals Obama will grant amnesty to (like Boner will stop him) will be counted to offset the dismal labor participation rate but not for counting real unemployment.
Obamanomics. Isn’t everyone getting their 50 rounds of golf this year and rubbing shoulders with billionaires?
Remember how the Media endlessly parroted Pelosi’s “WORST ECONOMY SINCE THE GREAT DEPRESSION!”, in 2006, when umemployment was 1.8% in Indiana, and Subway was paying $13 an hour to find part-time help??
Just imagine how today’s economy would be reported were a REPUBLICAN in office?
I would argue “slow growth” is more stable if the comparison is with “fast growth” based on excessive consumer (and government) debt, which the ‘growth’ ideal of most economists ... that people (and governments) keep spending whether they have the money or not.
In that sense, “slow growth” is better than fast growth based almost entirely on unsupportable debt.
Adult employment at 59 percent.
QI GDP sharply downward to -2.9%.
http://hotair.com/archives/2014/06/25/qi-gdp-revised-sharply-downward-to-2-9/
These numbers are all heavily massaged, I think we have probably been in recession for years and nobody wants to admit it