The following story from CNBC.com will serve as a good prelude to a series of posts I will write on joblessness and hiring. It discusses the widely-held (among economists) view that we are entering a “jobless recovery.” :
It is important to note the commonality of the concept in economists’ forecasts.
As I mentioned on June 9, I believe the term “jobless recovery” is a euphemism.
SPX at 976.25 as this post is written