Is the Economy in Recovery? New Unemployment Stats

Friday, June 05, 2009

The Bureau of Labor Statistics released the unemployment numbers for May this morning. The numbers may give a sense of how quickly the U.S. can expect economic recovery. David Leonhardt, who writes about the economy for The New York Times, joins The Takeaway with an analysis.
"The history of stimulus packages is they work, they do create jobs, they don't just disappear into the ether. But they're not going to create enough jobs to get rid of the effects of this recession."
—New York Times reporter David Leonhardt on unemployment

Guests:

David Leonhardt

Hosted by:

Andrea Bernstein and Todd Zwillich

Contributors:

Nadia Zonis

Comments [1]

Dave Brubeck

What we are seeing now is a bear market rally.
Inflation is a lagging effect that is just now starting to rear its ugly head. What we will see in the near future is inflation really start to pick up momentum and may very well be in double digits two years from now. On top of that the value of the dollar will continue to decline as a result of the governments runaway spending. China is already warning the USA that if it does not curb its spending it will not continue to support our debt with the purchase of treasuries. This is when the doo doo will hit the fan and the real trouble will begin as a result of the debt the USA government is accumulating.

Jun. 05 2009 10:31 AM

Leave a Comment

Register for your own account so you can vote on comments, save your favorites, and more. Learn more.
Please stay on topic, be civil, and be brief.
Email addresses are never displayed, but they are required to confirm your comments. Names are displayed with all comments. We reserve the right to edit any comments posted on this site. Please read the Comment Guidelines before posting. By leaving a comment, you agree to New York Public Radio's Privacy Policy and Terms Of Use.