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National Heartburn, Even
With an Improving Economy

Weekly Standard, by Irving M. Stelzer

Original Article

Posted By:StormCnter, 7/5/2014 4:25:32 AM

After celebrating our Declaration of Independence from the British oppressor, we will return to work Monday having consumed 155 million hot dogs and, for some 41 million of us, bucked traffic jams, long security lines at airports, or storm-induced flight delays in order to visit family or whatever place attracts us in this huge country of ours. The weekend began on a high note after a modestly strong jobs report on Thursday. Non-farm payroll employment, the “jobs” in the “jobs report,” rose by 288,000 in June, and the figures for April and May were revised upward by 29,000 jobs. The

      


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Reply 1 - Posted by: MattMusson, 7/5/2014 7:37:32 AM     (No. 9911669)

The economy is NOT improving. Read the facts behind the numbers. 525,000 fulltime jobs lost / converted into 799,000 parttime jobs.

Same hours. Lower pay. No benefits.

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Reply 2 - Posted by: Bur Oak, 7/5/2014 9:35:23 AM     (No. 9911759)

Also jobless claims went up.

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Reply 3 - Posted by: fritzilou, 7/5/2014 10:44:48 AM     (No. 9911852)



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Reply 4 - Posted by: fritzilou, 7/5/2014 10:46:03 AM     (No. 9911854)

What improving economy, I might ask? The loss of 500,000 plus full time jobs to re paced by 800,000 part time jobs does´t sound like an improving economy to me.

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Reply 5 - Posted by: jglas, 7/5/2014 10:50:54 AM     (No. 9911865)

Really? An economy that is contracting at 2.9% one quarter is going to turn around and start expanding at 3.5% the next, a swing of 6.4% even though nothing has changed except the season? That sounds like wishful thinking to me . . . or maybe an attempt to keep people from panicking.

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