Tuesday, January 31, 2012

Economic 'recovery' leaves jobs behind

Reporting from Washington — Still limping two years after officially emerging from the recession and buffeted by a new wave of bad news, the U.S. economy is struggling with problems that run far deeper than higher oil prices, the European debt crisis or auto industry slowdown stemming from the Japanese earthquake and tsunami.

Serious as those problems are, what's crippling the job market and chilling recovery on almost every front is a confluence of factors that economists and business leaders say are fundamentally reshaping the economic landscape in which Americans live and work.

Taken together, these factors have created a vicious circle: Incomes of average families are barely growing, even as many struggle with heavy debts left over from the boom times. That in turn has curbed consumer spending power. And businesses, seeing little chance for a surge in sales, have had little reason to expand — neither hiring more workers nor paying their existing workers more. Read more.......

3 comments:

  1. Health and Life insurance is very important now days to secure the future of a person and his family in his life and after his life as well. Even, if he is someone; who is the patient of a critical or lethal disease like cancer, there are many good reputed life insurance companies offering affordable policies of life insurance for patients as per their rule defined for such kind of unhealthy people. This might be a real happiness for such kind of their clients in his life.

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  2. 4:18 LOOK AT THIS GUY IN THE PICTURE. HE DOESN'T EVEN HAVE A JOB....EATS AT MICKIE-DEES. HE CAN'T AFFORD ANY HEALTH OR LIFE INS.! IT'S GONE,DONE, PUT A FORK IN IT!!!

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