Posted on 09/17/2009 8:43:48 AM PDT by Kartographer
Still, the reports suggested a slow and fragile economic recovery. In part, that's because the increased housing starts were due solely to a surge in construction of apartment buildings — while the much larger single-family homes sector fell for the first time in six months. And jobless claims remain far above the levels associated with a healthy economy.
(Excerpt) Read more at news.yahoo.com ...
what recovery? Didn’t the CBO say we’ll lose more than 2 million more jobs in the next year?
Agreed, we may be on a plateau for now before we go lower, but we are certainly in no recovery.
Continued miserable times for American workers. As the unemployment rate rose to a 26-year high, a broader measure of joblessness soared even more. A measure that also includes people working part time who want full-time jobs or who have given up looking for a job out of frustration rose to 16.8 percent in August, from 16.3 percent.
The number of private-sector jobs is now slightly below the level of August 1999 — meaning that a decade has passed without any net creation of non-government jobs, even in a span during which the population grew substantially.
‘Fragile Recovery’ = SRM doublespeak for Zer0 recovery.
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