by DantesPeak » Sun 06 Jul 2008, 15:01:36
$this->bbcode_second_pass_quote('', 'T')hough still forecasting "modest but positive growth," he cautioned that "you're going to still see a weak labor market, so, um, yeah, so it's not, I don't expect to come out next month and, uh, you know, and have great news on the labor market, either."
Six months of declining employment during a period when we are told the GDP is positive.
So it doesn't take a PhD to see where employment is headed when the economy goes into a more serious downturn - a downturn that will gain in momemtum in the thrid quarter.
It's already over, now it's just a matter of adjusting.