US economic reports tell of a recovery – a slow, gentle one

By Incorrect Author 18 December 2009

A US report on unemployment claims and a new forecast on economic activity point to an economy that is slowly recovering, but without the kind of jobs growth that would lead to a strong recovery. Over the past week, the number of newly-unemployed workers claiming unemployment benefits rose, but the monthly average has fallen. In the meantime, a forecast last month of economic activity by the Conference Board, a leading business federation, rose for the eighth straight month. This recovery, however, is taking on some attributes of the so-called “jobless recovery” as those already unemployed are having trouble finding new jobs. The Conference Board said its index of leading economic indicators rose 0.9% last month, up from 0.3% in October. For more, read the AP


While we have your attention...

An increasingly rare commodity, quality independent journalism costs money, though not nearly as much as its absence can cost global community. No country can live and prosper without truth - that's why it matters.

Every Daily Maverick article and every Scorpio exposé are our contribution to this unshakeable mission. It is by far the most effective investment into South Africa's future.

Join our mission to become a Maverick Insider. Together we can Defend Defend Truth.


A depressed 2019 voter turnout – SA democracy’s big enemy

By Stephen Grootes

Donald Trump is the first American president not to own a dog since William McKinley in 1901.