{"id":535695,"date":"2010-04-20T16:52:48","date_gmt":"2010-04-20T20:52:48","guid":{"rendered":"http:\/\/www.theatlantic.com\/business\/archive\/2010\/04\/54-of-households-have-someone-whos-been-without-work-this-year\/39263\/"},"modified":"2010-04-20T16:52:48","modified_gmt":"2010-04-20T20:52:48","slug":"54-of-households-have-someone-whos-been-without-work-this-year","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/535695","title":{"rendered":"54% of Households Have Someone Who’s Been Without Work This Year"},"content":{"rendered":"

Some commentators who take the economy’s temperature by watching Wall Street just don’t understand why consumers are so bummed<\/a>. Look, they say, GDP is up! The S&P looks awesome! Hello, retail stocks! Well, yes. GDP is growing. The S&P is up 70% year-over-year. Retail stocks look nice. But this misses a bigger picture. Consumers are people, and consumer confidence grows from an improving labor market.<\/p>\n

So maybe this helps put things in perspective. In a new Pew survey<\/a>, more than half of respondents said someone in the house has been without a job and looking for work in the past year. Nine months after the economy stopped shrinking, this is what a bummed recovery looks like:<\/p>\n

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Annie Lowrey, who passes along this telling chart, also points<\/a> to the 70 percent who reported major financial difficulty in the last year, including trouble paying for rent or health care. For analysts who wonder why consumers sound so depressed<\/a> every time we ask for their opinion: please look at this chart carefully.<\/p>\n

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Some commentators who take the economy’s temperature by watching Wall Street just don’t understand why consumers are so bummed. Look, they say, GDP is up! The S&P looks awesome! Hello, retail stocks! Well, yes. GDP is growing. The S&P is up 70% year-over-year. Retail stocks look nice. But this misses a bigger picture. Consumers are […]<\/p>\n","protected":false},"author":1534,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-535695","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/535695","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1534"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=535695"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/535695\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=535695"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=535695"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=535695"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}