America's slow recovery starts to look like a trend

05/27/2011 | Economist (free content), The · Reuters

The economy's slow recovery is starting to look more like a trend than an aberration, according to The Economist. For a while, optimistic forecasters expected gross domestic product to rise, stock prices to go up and unemployment to fall. "In fact, the opposite is happening," the magazine noted. "Stocks have been grinding lower and [Thursday] we learned that jobless claims rose 10,000 last week to 424,000, the seventh week above 400,000."

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Economist (free content), The · Reuters

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