Recovery Trickles Down Very Slowly (washingtonpost.com): "'If you have investments already, and if you have a job already, the last 12 to 18 months have been very nice to you,' said Gary Burtless, a labor economist at the Brookings Institution. 'The stock market has done well. You can refinance your mortgage. You can finance your new cars at very favorable rates, and prices haven't been rising.
'But if you are looking for a new job or had the misfortune of losing a job, for those folks, life is much, much tougher. It's just so damned hard to get employment.' "
- posted by geoff @ #