It’s not all green shoots and bailouts – at least not for most Americans.
Video via All American Gold:
The US economy has continued to recover, but economic activity appears to have decelerated somewhat during the first half of this year.
After running at nearly 200,000 per month during the fourth and first quarters, the average increase in payroll employment shrank to 75,000 per month during the second quarter.
The recovery in the United States continues to be held back by a number of other headwinds including still tight borrowing conditions for some business and households… and the restraining effects of fiscal policy and fiscal uncertainty.
Although the housing market has shown improvement, the contribution of this sector is less than has been typical of previous recoveries.
The reduction in the unemployment rate seems likely to be frustratingly slow.
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