Wall Street Journal (July 9)
2011/ 07/ 10 by jd in Global News
Unemployment is a lagging indicator. That is perhaps “the best that can be said for yesterday’s June jobs report.”Just18,000 new jobs were created and the jobless rate increased to 9.2%. If employment is about to turn the corner, it will be none too soon. “In this recovery we are still seven million jobs below peak employment in 2008.”
Tags: Jobs, Recession, U.S., Unemployment
