For the week of June 4, 2012 a summary of key indicators shows that the economy is weakening. The pace of the weaknesses very slow, but it is rather broad. The question is whether it is temporary.
The May Jobs Report showed unemployment increased to 8.2% and 69,000 new jobs created. Also, the labor force expanded by 642,000 and 422,000 more people were employed. The latter two figures are good.
Catherine Ross, Gazelle Index VP, said on CBS Morning Show, “To those who say ‘I’ve already paid for this,’ (i.e. the highway systems) my answer is, ‘Sometimes you have to pay to keep what you have,”
CNN’s Suzanne Malveaux Interviews Gazelle Index Publisher Danny Boston about May Jobs Report, which he calls, “Good, not so good and Bad “. Unemployment is 8.1%.
