It's fairly stagnant but most of the reports on things like GDP and unemployment are in the 'slightly better' range?
Not to mention signs that THIS MUCH pain in the american labor market was enough to start bringing manufacturing and support jobs back from China and India. I would have guessed that we'd need to get a lot worse for that to happen.
You're like the one bright spot in a sea of unhappy comments on this post. O.o
Unemployment is down a little from its high (9.2% vs 10%) and GDP is up a little, but it's not clear to me whether this is because stuff like the stimulus worked and we're recovering, or stuff like the stimulus is propping up the economy, which will collapse again because we can't afford to keep it up indefinitely. :/
OTOH, I am not nearly as pessimistic as most of my commenters, and I will certainly be delighted to be wrong on the side of too much worry. :)
![[identity profile]](https://www.dreamwidth.org/img/silk/identity/openid.png){kind=small}
![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png)
timeasmymeasure
no subject
Date: 2011-07-11 10:25 pm (UTC)Not to mention signs that THIS MUCH pain in the american labor market was enough to start bringing manufacturing and support jobs back from China and India. I would have guessed that we'd need to get a lot worse for that to happen.
no subject
Date: 2011-07-12 06:09 pm (UTC)Unemployment is down a little from its high (9.2% vs 10%) and GDP is up a little, but it's not clear to me whether this is because stuff like the stimulus worked and we're recovering, or stuff like the stimulus is propping up the economy, which will collapse again because we can't afford to keep it up indefinitely. :/
OTOH, I am not nearly as pessimistic as most of my commenters, and I will certainly be delighted to be wrong on the side of too much worry. :)