The sad cost of war

[Danzig]

[quote=Riot]The job loss picture is slowing, stablizing. Those are the facts, based upon current data.
QUOTE]

http://www.msnbc.msn.com/id/32349809...s_and_economy/


Though the unemployment rate dipped to 9.4 percent in July — its first drop in 15 months — economists predict it will start climbing again. Many, including people in the Obama administration and at the Fed, say it could still top 10 percent this year.


http://www.msnbc.msn.com/id/32314827...n_the_economy/


even if the economy quickly returned to the peak job creation performance of 2007, when the economy was adding roughly 400,000 new jobs a month, it would take more than two years to rehire the 7 million workers who lost their jobs to the recession.

Few economists expect a return to those 2007 growth levels any time soon.



you might want to wait for more than one weeks happy headlines before you start thinking we're out of trouble.