Thursday, May 20, 2010

http://online.wsj.com/article/SB10001424052748703559004575256112299027150.html?mod=WSJ_WSJ_US_News_5

It seems that as our economy begins to slowly recover there are signs that give us the impression we are taking a step backwards. With the euro performing poorly and skepticism about their economies' strength do you think this is just a small bump in the road or should we be more cautious?
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3 comments:

  1. tcmtMay 23, 2010 at 12:12 PM

    Generally, the Wall Street Journal does a much better job contextualizing their articles than this and I am little put off by this article. I have heard these statistics elsewhere in a context where it was explained that jobless claims are not necessarily equal to jobless people. While many people have been employed they have become discouraged workers and stop seeking employment, making them ineligible for unemployment benefits. Now that the market is recovering many people are encouraged at the prospects of getting a job, they have begun seeking employment again. In that way this indicator can be very misleading. I still tend to think this is a good sign and the recovery is progressing as expected.

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  2. k06rl01May 24, 2010 at 1:45 PM

    I think that positive steps are being made in our economic recovery. Although the number of jobs lost far outweighs the recent increase in employment it does not seem like the information provided in this article really points out a troubling development.

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  3. JMalyMay 24, 2010 at 3:57 PM

    I think this is just a small bump in the road. As the article states, recovery never occurs in a straight line. This drop could also be the result of the loss of census jobs, and once that loss is over we will see the numbers reflect how the job market is actually performing.

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