overigens nog wel even kan duren. Er is gebrek aan een substantieel
investeringspaket voor de nederlandes economie.
Bloomberg News, Aug. 7 The U.S. recession may have ended in July as
the labor market improved, a member of the committee that dates
American business cycles said.
"I haven't felt that there have been any previous months for saying
this will turn out to be the bottom, but this one is definitely a
candidate," Jeffrey Frankel, who sits on the National Bureau of
Economic Research's business-cycle dating committee, said today in a
telephone interview. "It's perfectly possible that this will turn
out to be it."
The pace of U.S. job losses slowed more than forecast last month and
the unemployment rate dropped for the first time since April 2008, a
Labor Department report showed today. Payrolls fell by 247,000 after a
443,000 loss in June, and the jobless rate unexpectedly slipped to 9.4
percent from 9.5 percent. Stock indexes soared after the report and 10-
year Treasuries headed for the worst week since 2003.
"This is definite moderation," said Frankel, a professor at Harvard
University in Cambridge Massachusetts. At the same time, he said, even
if the economy expands in the second half of the year "we still
wouldn't be out of the woods" because "there's always the
possibility of a double dip."
The White House cautioned today that the jobless rate is still likely
to reach 10 percent. With companies from Boeing Co. to Verizon
Communications Inc. continuing to cut costs, any rebound in hiring may
not come until 2010.
'Huge Distance'
"We are still a huge distance from putting employment back on its
normal growth track," Robert Hall, a Stanford University professor
who heads the NBER committee, said today in an e-mail.
The committee, also based in Cambridge, defines a recession as a
"significant" decrease in economic activity over a sustained period
of time. The decline would be visible in gross domestic product,
payrolls, industrial production, sales and incomes.
The panel said the U.S. recession began in December 2007. Since then,
the economy has lost about 6.7 million jobs.
