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Atlanta, GA | Posted: July 13, 2011
Kari White
Communications Coordinator
School of Economics
Summary Sentence:
New jobs almost at a stand still. 18,000 Jobs were added in June. The unemployment rate edged up to 9. 2%. So what will it take to get our economy back on track and avoid a possible double dip recession?
Full Summary:
CNN - July 9, 2011
New jobs almost at a stand still. 18,000 Jobs were added in June. The unemployment rate edged up to 9. 2%. So what will it take to get our economy back on track and avoid a possible double dip recession? I asked Georgia Tech economics professor Danny Boston. Three important sectors that we have to look at. The corporate sector, and that sector right now is having record earnings and they're sitting on record piles of cash. We have to get them to spin that cash. They're not doing that. They're uncertain about the future. Small businesses have to be a part of the mix because that's where the jobs come from. Businesses from 0 to 50 employees and new startups. We have to do something about the housing sector.
Thomas BostonCNN - July 9, 2011
New jobs almost at a stand still. 18,000 Jobs were added in June. The unemployment rate edged up to 9. 2%. So what will it take to get our economy back on track and avoid a possible double dip recession? I asked Georgia Tech economics professor Danny Boston. Three important sectors that we have to look at. The corporate sector, and that sector right now is having record earnings and they're sitting on record piles of cash. We have to get them to spin that cash. They're not doing that. They're uncertain about the future. Small businesses have to be a part of the mix because that's where the jobs come from. Businesses from 0 to 50 employees and new startups. We have to do something about the housing sector.
