Wall Street Journal (February 6, 2012)
“It’s hard to keep the U.S. economy down…. Employers added 243,000 net new jobs in January.” At just 8.3%, unemployment fell to the lowest rate since February 2009. But the durability of the economic recovery remains to be seen. “The job growth this time is stronger, though GDP growth is still well below the pace of a normal recovery. Even with the recent gains, this is also by far the worst jobs recovery since the Great Depression.”
“It’s hard to keep the U.S. economy down…. Employers added 243,000 net new jobs in January.” At just 8.3%, unemployment fell to the lowest rate since February 2009. But the durability of the economic recovery remains to be seen. “The job growth this time is stronger, though GDP growth is still well below the pace of a normal recovery. Even with the recent gains, this is also by far the worst jobs recovery since the Great Depression.”
Tags: Employment, GDP, Great Depression, U.S., Unemployment
