A check-up on the economy — is it growing, stalled or just going through a soft patch?
ListenHour 1
It’s been two years since the official end of the Great Recession, the worst economic downturn in 75 years. Economists say we are in a recovery mode and big businesses, large banks and wealthy Americans are doing just fine. But for the man on the street the picture looks different. New economic indicators show consumer confidence is weak and spending is slow, housing prices are at 2002 levels and gasoline and food prices are crimping household budgets. And a jobs report released Wednesday found that private businesses barely added jobs as large companies cut workers. So where is the disconnect? Why are some segments of the economy experiencing growth while consumers continue to feel the pinch? What does all this tell us about the current state of the economy and its future growth? We’ll explore all these questions and more with KATHLEEN MADIGAN of the Dow Jones Newswires.
Listen:
[audio: 060211_100630.mp3]
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