Friday, August 29, 2003

So if this is a recovery, where are the jobs? 

Mark Gongloff of CNN writes:

Bank One senior economist Peter Glassman said he expects job creation in "the next several quarters," but he echoed the Philly Fed's consensus estimate that the unemployment rate would average 5.9 percent in 2004, only slightly lower than July's rate of 6.2 percent.

"We don't think the unemployment rate will be any lower than 5.5 percent by the 2004 election," Glassman said.

Can't put food on my family with no work!

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