Archive for March 5th, 2010
Mar-10
05
Governmentspeak: Jobless Recovery
Posted by: | CommentsSo, what is a “jobless recovery”? Does it stand to reason that you can have an entire economy the size of the United States’ undergo an economic recovery without creating jobs? That, according to some, we simply have a flat job market while other data are showing the economy has recovered?
What sort of convoluted nonsense is this? It’s governmentspeak and don’t believe a word of it!
If the economy were actually, truly, recovering to the point of sustained growth in real GDP (meaning you must take government expenditures out) you would see a net increase in jobs created in the private sector in a significant and sustained way. The fact is, you don’t see this.
Point being here is that this idea of a “jobless recovery” is simply an oxymoron.