THE RECESSION: Slumping More Slowly

There is no such thing as an economic equinox. There are thousands of corners, millions of corners. Each household went into the recession at a different time. Some never did. And it's the same with business. We are at a stage where some things are still going down, some things are even, and some things are going up.

Thus did Secretary of Labor John Dunlop sum up the import of an unusually large number of economic statistics released last week. As he indicated, they were mixed, but even that marked somewhat of an improvement over the uniformly downward trend of...

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