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Growing Trade Deficit Threatens Recovery

Posted by admin | Posted on 09-03-2012

Category : Business, Stocks

Tags: amounts, cold, creation, department, job, observer, representing, set, significant, thestreet, today, water

The following commentary comes from an independent investor or market observer as part of TheStreet’s guest contributor program, which is separate from the company’s news coverage.

NEW YORK (TheStreet) — Many observers have taken today’s jobs report as clear evidence that the economic recovery has taken hold in earnest. However a second data set, also issued today, throws significant amounts of cold water on that assumption.

The Labor Department report noted that 227,000 new jobs were added in February, representing the third consecutive month of job creation.

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