EconomicCrisis.US

The outlook for the job market has improved, according to a survey of leading economists released Monday, even as the economic recovery hit a speed bump in the second quarter.

In its second-quarter industry survey, the National Association for Business Economics said employers grew payrolls for a second consecutive quarter this year. The percentage of firms increasing staff levels grew to 31% in the quarter, versus only 6% in the same period a year ago.

At the same time, the percentage of employers cutting jobs continued to move lower.
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Unemployment continues to plague the citizens and the economy of U.S. these days as the unemployment rate dropped to 9.5 percent in June.

It has been two consecutive months since U.S. business firms fail to hire as many jobless citizens as they can. This slow pace of hiring is decreasing the chance and efficiency of the economy.

The economic recovery for America has slowed down along with the real estate industry slump, and a slow factory ordering. To add insult to injury, only 83,000 people were hired by private sectors for the past month. With these in hand, the economy is barely moving away from the recession.
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This is a day for hangovers and sunburns, discarded sparklers and spent rockets smoking weakly on brown lawns. Yesterday was all euphoria and patriotism — a chance to forget about the unemployment rate, the deficit, the oil spill and whichever political party you hold responsible for the country’s sorry state. But now it’s time to sit around in your undershirt, put off cleaning the backyard grill and contemplate all the things you spent the Fourth of July trying not to think about.

Enough of the star-spangled American dream. Back to the grim American reality.
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A cartoonist for the San Diego Union-Tribune, Steve Breen, captured a big political challenge that President Obama is now confronting.

The cartoon features four frames, each with a picture of the president. Over the first two frames, with the president barely smiling, he says, “No More Mr. Nice Guy” and “It’s time I displayed some rage over the worst oil spill in U.S. history.” The third frame shows him staring with a poker face. The restrained smile returns in the fourth frame, which reads, “Want to see it again?”
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