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U.s. Headed For 'jobless' Recovery


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HOLA441
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HOLA442

Here's a wonderful snip from the LA Times on the same story.

This is a typical example of current green shoots reporting: the premise is that there is a recovery, it's just that . . . um . . things are getting worse.

Even as the nation's economy begins clawing its way out of the worst recession in 60 years, there are growing signs that this recovery could come with an unsettling twist: The wheels of commerce may begin to turn again without any substantial boost in jobs.

Not only is the national unemployment rate, now 9.4%, likely to climb into double digits later this year, but it is also expected to remain there well into 2010, economists say. That would prolong the misery of the unemployed, squeeze retailers and other businesses, and add millions of dollars in government costs and lost productivity. It could even threaten the recovery itself.

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HOLA443

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