Thursday, September 3, 2009

Jobs Thought of the Day

"Due to the 20% adjusted (his estimate of the real unemployent rate) unemployment rate(vs the 9.5% stated) as well as the off the charts debt [to]disposable personal income levels, this economy cannot enjoy a self-sustaining recovery without significant jobs growth."

Robert Marcin writing at

The jobless claims number this morning was a disappointment and the unemployment data tomorrow, expected at 9.5%, are what everybody is waiting for.

My view is that things getting better slowly on the job front is the best we can hope for.

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