Posted by: Ed Tittel
economic jitters show weak improvement, recent economic and hiring numbers fail to encourage or enthuse
In pondering recent economic and employment news, especially hiring and unemployment filing trends, I find myself wondering which of the three little pigs built the house in which our current economy lives. I’m quite sure it’s not made of brick, so it’s pretty much up to sticks and straw. Zounds! I think we better hope the Big Bad Wolf doesn’t come around to huff, and puff, and … well, you know the rest!
Thanks to Miss Mary’s Preschool Ideas Website for the photo!
I’m talking about China trying to keep its property bubble from bursting and deliberately steering growth downward. I’m talking about first-time unemployment claims increasing for this last reporting period (through the end of last week, reported yesterday) vis-a-vis the past 5 or 6 reports which have all trended downward. I’m talking about March job increases, which were half of those for the preceding 5 months or so. I’m talking about the European debt crisis, which seems stuck in reverse.
In short, I’m getting a shaky feeling about such growth and improvement as has been mustered over the last little while. In fact, if the little pigs had been granted access to as many decks of playing cards as had been needed for construction of one of their little houses, and one of those pigs a three-card Monte shark, I think it would have nailed the current situation down completely!