Bad Sign for the Economy
4:41 PM, Aug 29, 2014 • By GEOFFREY NORMAN
Even after yesterday’s promising first time claims and GDP numbers, the state of the economy – especially on the jobs, employment, wages side – remains uncertain and troubling as we enter the Labor Day weekend. As Mark Gimein of Bloomberg reports:
And one lagging sector of the labor market is reason for special concern. That would be self-employment. While one might intuitively suspect that self-employment would be on the rise during bad times – as people who can’t get hired, hire themselves – the converse is true.
This recovery, then, is still a tentative thing.
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