5:52 am July 22, 2011, by Henry Unger
The economy’s spring slump appears to be extending into the summer, according to a slew of mixed data released Thursday, Associated Press writes.
What’s your prescription?
Layoffs are rising more than two years after the alleged “recovery” began. In fact, Georgia’s jobless rate rose to 9.9 percent in June, the state labor department reported Thursday.
Economic growth is projected to pick up this fall — but not enough to give businesses confidence to hire and speed the recovery, AP writes. The economy could lapse even further if Congress and the Obama administration fail to reach an agreement on raising the nation’s borrowing limit in the coming week.
Earlier this week, I wrote about my idea for stimulating more job growth.
Now it’s your turn. What’s your idea to turn around an economy that’s been struggling since December 2007?
- Henry Unger, The Biz Beat
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