Do I Need to Spell It Out? OK, Then. J-O-B-S.
July 29, 2011
Please take your eyes off the stock market and focus them on this morning's report about gross domestic product. It's dismal. I'll let Catherine Rampbell, of the New York Times, explain: The country’s gross domestic product, a broad measure of the goods and services produced across the economy, grew at an annual rate of 1.3 percent in the second quarter, after having grown at an annual rate of 0.4 percent in the first quarter — a number that itself was revised sharply down from earlier estimates of 1.9 percent .
Ugh: Hiring Down, Unemployment Up
June 03, 2011
Today's job report was supposed to be discouraging. It wasn't supposed to be this discouraging. Via Catherine Rampbell at the New York Times: After several months of strong job growth, hiring slowed sharply in May, raising concerns once again about the underlying strength of the economic recovery. The Labor Department reported on Friday that the United States added 54,000 nonfarm payroll jobs last month, following an increase of 232,000 jobs in April.