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With modest job losses, US economy defies doomsayers
jatfla
follow
2
5-2-2008 8:46 PM
205 views
jatfla
says:
Sorry ya'll...we're not in a recession yet. Maybe next month. s/off
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/8012435f-47a2-4ef5-8b15-14bd9fe52985/E8B6D32F-AC9A-47C8-8417-28B37AC9B54E/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.afp.com/english/news/stories/newsmlmmd.c800a2427de022f9fb7316c5ee2aef20.201.html" href="http://www.afp.com/english/news/stories/newsmlmmd.c800a2427de022f9fb7316c5ee2aef20.201.html" style="font-size: 11px;">www.afp.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.afp.com/english/news/stories/newsmlmmd.c800a2427de022f9fb7316c5ee2aef20.201.html"><H2>With modest job losses, US economy defies doomsayers</H2></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.afp.com/english/news/stories/newsmlmmd.c800a2427de022f9fb7316c5ee2aef20.201.html"><div align="center"><img src="http://content9.clipmarks.com/blog_cache/www.afp.com/img/F007EC5B-5594-4C63-ACDD-F0557F0FBCC1" alt="" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.afp.com/english/news/stories/newsmlmmd.c800a2427de022f9fb7316c5ee2aef20.201.html">The US labor market held up better than expected in April, with 20,000 jobs cut in the month,</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.afp.com/english/news/stories/newsmlmmd.c800a2427de022f9fb7316c5ee2aef20.201.html">The unemployment rate, based on a separate survey, rate fell a tenth of a percentage point to 5.0 percent</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.afp.com/english/news/stories/newsmlmmd.c800a2427de022f9fb7316c5ee2aef20.201.html">"Job losses are way below the recession norm for this point of the business cycle, if this is recession," said Robert Brusca at FAO Economics. "Many things do not really add up for the recession forecasters."</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/E8B6D32F-AC9A-47C8-8417-28B37AC9B54E/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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