The "Zombie" Economy
Posted: Wednesday, July 11, 2012 3:24 pm
By U.S. Senator Jon Kyl"Some have begun to term this a “zombie” economy, one that is not quite alive and not quite dead. Jobs, for instance, are increasing – but at such a slow crawl that we’re actually losing ground because of the number of new entrants to the job market each month. Moreover, the “real” unemployment number (that is, the rate that includes those who have stopped searching for a job and those who are working part-time because they can’t find full-time work) has now ticked up to nearly 15 percent."
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