Saturday, July 9, 2011

WaPo: Economic News Grows Grimmer

And this from the Washington Post, of all places:

Job growth came to a near-halt in June, according to surprisingly grim new data released Friday that raise doubts that the economy will bounce back from its spring lull soon.
Midway through a year that began with expectations that the ailing U.S. economy would finally take off, the nation is stuck in a muddle, growing too slowly to keep the jobless rate from rising, let alone to put some of the 14 million people looking for work back to earning paychecks. The odds that job creation will take off in the remainder of the year look slimmer with every new piece of data.
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