corrente

That's "W" as in W's "weak" "recovery"....

Gregg Fields of the Miami Herald writes:

This Labor Day, however, the plight of workers has uncharacteristically defied a resurgent economy. Last week, for instance, the government said the economy grew at a 3.1 percent annual rate in the second quarter of the year, a healthy clip. At the same time, initial jobless claims also rose. Florida has lost 20,000 jobs over the past year.

Way to go, Jebbie!

After the debilitating recession of 1980-82, the nation entered a prolonged economic expansion -- but workers grappled with unemployment that averaged 7 percent for most of the decade. ...

Then, as now, the economy was characterized by huge federal deficits, rising inequality of incomes, and economic stimulus that owed much to military spending.

Today, the economy is also enjoying a boom in productivity, but [Jared Bernstein, an analyst at the Economic Policy Institute in Washington], said he isn't sure that will translate to putting more people to work. In fact, it may help companies put off hiring.

''The question for me is, will the benefits of greater productivity be shared, like in the late '90s?'' he said. ``The answer is, only if unemployment goes below 5 percent.''

Unemployment under 5% under a Bush regime? You're joking, right?