Friday, May 8, 2015

The good news is the recovery is the same as ever. The bad news is the recovery is the same as ever.

The winter of our jobs discontent is over, and the recovery is back to chugging along like it was before.That's the good and bad news. Before we get to it, though, let's rewind a little bit. At the end of last year, it looked like the recovery was finally starting to hit a higher gear when it added an average of 324,000 jobs a month. But just as this had begun, it was over. The stronger dollar made our exports less competitive, and another brutal winter kept shoppers at home and construction workers from building homes. It was enough that the economy probably shrank at the start of the year......(read more)
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