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U.S. Employment Losses To Continue Into Next YearSmartBrief
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July 2, 2008
CFA Institute Financial NewsBrief
A list of recent indicators supports the view that the U.S. economy is in the midst of a sustained downturn, with joblessness increasing into next year. "It's a slow-motion recession," Lehman Brothers economist Ethan Harris said. "We're not getting the classic two or three negative quarters. Instead, we're expecting two years of sub-par growth; growth that's not enough to generate jobs. It's kind of a chronic rather than an acute pain."
http://www.smartbrief.com/news/cfa/storyDetails.jsp?issueid=30BA9D7C-0F8E-485D-883D-1B2C4A6D2EFC©id=15861967-80C5-4857-AD5C-BA91E902D711
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