... this "titanic" called the US economy is going to take us all down with it...
Hope for rapid U.S. growth fizzles on jobs report
"The unemployment rate dropped another notch to 8.1 per cent from 8.2 per cent in March. Thatís the lowest in more than three years. The March gain in payrolls was revised higher to 154,000 from the previously reported 120,000. (Februaryís increase was changed to 259,000 from 240,000.) The manufacturing industry added jobs again: 16,000 in April, taking the gain in factory employment since the low point in January 2010 to 489,000. Government employment declined by 15,000.
All this is a familiar story Ė too familiar. The figures are OK; they show the economy is growing. But there are about five million fewer jobs in the United States today than there were at the pre-crisis peak. OK isnít good enough."