Saturday, September 18, 2010

America isn't working and the rest of the world should be alarmed

The "jobless recovery" has become a catchphrase to describe what is happening in the US, and could also be applied to Continental Europe. In recent months, employment in the US has inched up, despite what seemed at least to be decent growth, while (and this has really shocked me) the eurozone has created no net new jobs at all in the past three months. The UK has at least managed to create 300,000 over this period.


You know we're in trouble when the rest of the civilized world is reporting information that the US lame-stream media won't touch.

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