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Slow Recovery ... Exceedingly Slow

1:05 PM, Aug 22, 2013 • By GEOFFREY NORMAN
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The great recession may be behind us, but the damage has not been repaired.  As Michael A. Fletcher reports in the Washington Post:

Although Americans’ average income has been recovering from its recent low point in August 2011, it remains 6.1 percent below where it stood when the country toppled into recession in December 2007.  Overall, median income has declined by 7.2 percent since January 2000

The news about jobs and unemployment was also discouraging with Christopher S. Rugaber of the AP reporting:

Unemployment rates rose in more than half of U.S. states in July and fewer states added jobs, echoing national data that show the job market may have lost some momentum. The Labor Department said Monday that unemployment rates increased in 28 states. They were unchanged in 14 and fell in eight states — the fewest to show a decline since January.

So, what we have here is, apparently, a jobless and moneyless economy.  

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