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Source link: http://archive.mises.org/16803/no-jobs-recovery/

No Jobs Recovery

May 5, 2011 by

Jobless claims are up, due to “anomalies” and “unusual events,” claims Bloomberg. Sadly, the real causes are not unusual and not anomalies: the gigantic drag on economic life represent by a billion petty regulations, taxes, trade restrictions, gyrating currency values, and a broke banking system.

{ 5 comments }

Franklin May 5, 2011 at 1:23 pm

Hey, never mind that. Didn’t you hear? Bin laden was killed!

BlackAeronaut May 7, 2011 at 7:52 am

That’s the way it always is, isn’t it? People hardly even talk about the meltdown of the Fukushima reactors anymore, either. D’oh!

Vanmind May 12, 2011 at 4:45 pm

Yeah, bad kidneys tend to do that to a person.

El Tonno May 6, 2011 at 4:51 am

Same across the pond:

http://www.independent.co.uk/news/business/news/interest-rates-on-hold-amid-fears-economy-is-stalling-2279769.html

Yesterday’s announcement of a slowdown in the all-important services sector reinforced the picture of a slowing economy after drops in manufacturing and construction growth. The three April PMI (Purchasing Managers Index) surveys suffered their largest drop since November 2008, just after Lehman went bust.

The dominant service sector grew less than expected in April after hitting a 13-month high in March. The Markit/Cips headline services PMI index slipped to 54.3 in April from 57.1 in March, staying in growth territory above 50.0 for a fourth straight month, but missing the 55.7 forecast.

The grim figures for April indicate the economy is slowing after the tepid 0.5 per cent growth in the first quarter of this year. Taken with the surprise 0.5 per cent contraction in the final quarter of 2010 the economy stagnated around the turn of the year.

Dan May 6, 2011 at 12:34 pm

No doubt about it, it’s really rough out there if your looking for a job. I’m in that position myself, but I’m not starving yet :). Chin up, no crying, keep moving.

Dan

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