July 9: Economy is in the eye of the policy beholder (Washington Times)
July 9, 2012
Reading the economy these days is like taking a Rorschach test: Optimists see signs of progress in each economic report, while pessimists see the end of the expansion and many others host middling views. Friday?s much-anticipated jobs report was a case in point. While nearly everyone disparaged the news of only 80,000 jobs created during June as ?disappointing,? a few optimists saw a silver lining in the report: an uptick in wages and hours worked that they say will put more money in consumers? ...