Thoughts on business school, economics, NC State, and everyday life from an economist at NC State's business school
Friday, June 1, 2012
This does not look good
Today's jobs report for May is a total disaster. WSJ reports that employment grew by a mere 69k and unemployment inched up to 8.2%. Stock market dropped 2.5% in reaction to this and the even worse news coming out of Europe. Ouch!
Steve Allen is Associate Dean for Graduate Programs and Research in the College of Management at NC State University. He has appointments in the Department of Economics as well as the Department of Management, Innovation, and Entrepreneurship.
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