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It's Getting Late Early for Recovery in 2009

Published Monday, June 01, 2009

During the 1961 World Series between the New York Yankees and the Cincinnati Reds, future Hall of Famer Yogi Berra dropped a fly ball in the outfield when the late afternoon sun momentarily blinded him. When asked by a reporter after the game what happened, Berra remarked: “It gets late early out there.” The same can be said of the U.S. economy. It's getting late early for any hope of recovery in 2009. Nonfarm payroll employment fell 345,000 in May, according to preliminary data released by the Department of Labor, a dismal figure to be sure but a ...

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