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Recovery will be slow Hampel tells IPoliticoI
WASHINGTON (7/7/09)--The nation’s economic recovery is going to take some time, according to Bill Hampel, Credit Union National Association (CUNA) chief economist. Hampel was prominently quoted in a Thursday Politico article, “Where are the jobs?” about the nation’s economic outlook. He told the Washington, D.C.-based newspaper that when the economic recovery takes place, it’s “not going to be much to write home about. It’s going to be a long, slow recovery, and the economy is going to be pretty fragile,” he said. The nation’s unemployment rate has reached 9.5% and 467,000 jobs in June have been lost, Politico reported. To read the full article, use the link.
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