A report card on the economy
Wednesday August 8, 2012
Written by Scott LaMar, Director of Radio Smart Talk
Listen to the program:
Radio Smart Talk August 8, 2012
Radio Smart Talk for Wednesday, August 8:
The Great Recession began in December 2007 and officially
ended seventeen months later. Economic conditions have been
slowly improving ever since, even though it doesn’t seem like
it to many Americans, especially those who lost jobs or didn’t
find employment making as much money as they once did.
In fact, the unemployment situation is one of the
most frustrating aspects of the recovery. Just last week,
the U.S. Bureau of Labor Statistics reported that 166,000
new jobs were added across the country in July, but at
the same time, the jobless rate went up to 8.3% -- the same
as it was last January.
Very rarely do we seem to get positive news about the
economy today without something negative to offset it
a few days later.
For example, energy costs overall are steady or down –
mostly because of the low costs of natural gas – but
the price of gasoline fluctuates and is now on an
Wednesday’s Radio Smart Talk will focus on the state of the economy
today and where it may go in the near future.
Joining us will be Dr. Thomas Kinnaman, the Chair of the
Economics Department at Bucknell University and Jeffrey Roof,
president and founder of Roof Advisory Group, an
investment and financial planning firm in Harrisburg.