• The overall picture isn’t so much of a double-dip recession as it is of a badly wounded economy recovering at a slow pace.
• New York Times “Economix” blogger David Leonhardt • Analyzing what these job numbers mean. Essentially, Leonhardt thinks the economy needs something else to prop it up and encourage growth. There is silver lining, though – fewer people are looking for part-time work at the expense of full-time work, and the recovery may not be so bad. “History suggests that true job growth may also be a bit better the Labor Department is estimating,” Leonhardt writes. “That’s the usual pattern in the early stages of a recovery.” source

Posted by Ernie Smith • Permalink