Tuesday, August 11, 2009

EDITORIAL: Happy days aren't here yet - Washington Times

EDITORIAL: Happy days aren't here yet - Washington Times
It's too early to be popping corks off champagne bottles to celebrate the end of the recession.

It was announced Friday that the unemployment rate declined slightly to 9.4 percent in July while just 247,000 additional jobs were lost. That has been greeted as good news. The New York Times claimed that July's unemployment numbers "suggested that the recession is near an end." Using the same words, the Wall Street Journal declared that the new data is "suggesting that the recession is near an end."
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