Unemployment Numbers Can't Dispel Gloom over the Economy

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Yesterday's stock market collapse may have revealed a worldwide crisis of confidence in economic recovery. There was good news today, though: 117,000 new jobs last month and a drop in the unemployment rate from 9.2 percent to 9.1. In a brief address on veterans' employment, President Obama said once again, that's not enough. When Congress returns in September he wants to move quickly on more steps that "will make a difference." Neil Irwin is economics reporter for the Washington Post.






Warren Olney