Originally Posted by WakingTheBull Source: CBS NEWS September 22, 2011 8:08 AM FROM (AP) WASHINGTON - Call it the recession's lost generation. In record-setting numbers, young adults struggling to find work are shunning long-distance moves to live with Mom and Dad, delaying marriage and buying fewer homes, often raising kids out of wedlock. They suffer from the highest unemployment since World War II and risk living in poverty more than others — nearly 1 in 5. New 2010 census data released Thursday show the wrenching impact of a recession that officially ended in mid-2009. It highlights the missed opportunities and dim prospects for a generation of mostly 20-somethings and 30-somethings coming of age in a prolonged slump with high unemployment. "We have a monster jobs problem, and young people are the biggest losers," said Andrew Sum, an economist and director of the Center for Labor Market Studies at Northeastern University. He noted that for recent college ...
Originally Posted by WakingTheBull Economy grew at slower 1 pct. rate this spring Economy grew 1 pct. this spring, slower than first estimated; likely to fuel recession fears SOURCE: AP Christopher S. Rugaber, AP Economics Writer, On Friday August 26, 2011, 8:31 am WASHINGTON (AP) -- The U.S. economy grew at a meager 1 percent pace this spring, a slower rate than previously estimated. The downward revision will likely increase fears that the economy is at risk of another recession. Fewer exports and weaker growth in business stockpiles led the Commerce Department to lower its estimate for the April-June quarter from its previous annual rate of 1.3 percent growth. That means the economy expanded only 0.7 percent in the first six months of the year. FULL ARTICLE CLICK HERE.......
Recession's over, economists say to a skeptical public "A declaration that the turning point came in June 2009 gets an indignant reaction, showing that many Americans see little difference between the recession and current conditions." Click To Read Full Article:
Originally Posted by WakingTheBull Video: Meltup Inflation
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