Sunday, August 8, 2010

WSJ: "U.S. Job Market Loses Steam"

Even I'm getting bored reporting the same old story...

Wall Street Journal: "The government’s latest snapshot of the job market was bleak, a sign the economic recovery is running out of steam with 14.6 million Americans still searching for work. The unemployment rate held steady (in July) at 9.5%.

"The latest figures confirm the labor market has lost much of its momentum in recent months. The private sector has added 90,000 jobs a month this year, well below the 125,000 needed monthly just to keep up with population growth, let alone recover the eight million jobs lost during the recession."

(Photo: November 2009, Chuck Taylor, Gray's Papaya, New York)