 |
Democrats call it recovery...
WASHINGTON (AP) —
A bleak jobs report suggests
the recovery from the Great Recession
will be longer and bumpier
than many economists
had envisioned... |
Most_economists say job growth should strengthen later this year as gasoline prices drop further and the economy recovers from the effects of natural disasters in the U.S. and abroad. But the recovery is starting to weaken 17 months before the 2012 election, which could hurt President Barack Obama's re-election prospects.
The unemployment rate in May inched up to 9.1 percent from 9 percent, the Labor Department said Friday; when Obama took office, it was 7.8 percent.
The Conference Board, a business research group, predicts the rate will be 8.5 percent at the end of next year. That would mean Obama would face a higher unemployment rate than any president running for re-election since World War II. More... via eye-on-the-world.blogspot.com
I thought it dropped. yikes!
