Thursday, August 28, 2003
So if this is a recovery, where are the jobs?
Jeannine Aversa of AP via WaPo writes:
Keynes was right!*
Too bad. I guess I'll have to write "GDP improved by 0.7%" at the bottom of my phone bill and hope things work out with Verizon...
More discouraged workers! (And why not?) More lucky duckies!
Of course, no one says the hiring spree will be for US workers, eh?
* Ironic footnote: Roosevelt was right too; good to see the Republicans adopting some of his ideas...
The 0.7 percentage-point improvement to GDP reflected more military spending for the Iraq war and more robust spending by consumers and businesses than the government previously thought. ...
Keynes was right!*
Even if the economy perks up in the second half, the job market probably will remain sluggish for a while, economists say.
Too bad. I guess I'll have to write "GDP improved by 0.7%" at the bottom of my phone bill and hope things work out with Verizon...
The nation's unemployment rate dipped to 6.2 percent in July, but that was mainly because a lot of people left the civilian labor force. Businesses cut jobs for the sixth month in a row.
More discouraged workers! (And why not?) More lucky duckies!
Economists say businesses will want profits to improve and want to feel secure about the economic rebound before they go on a hiring spree.
Of course, no one says the hiring spree will be for US workers, eh?
* Ironic footnote: Roosevelt was right too; good to see the Republicans adopting some of his ideas...
