Economic Update from the Shore: No Green Shoots at the Beach

I was hanging out in Surf City, NJ this weekend when I wondered "Where is everybody?" Oh sure the weather wasn't ideal, but it's mid-June and the place was DEAD.

The action and mood at the Jersey Shore seemed to belie "less-bad" economic news, including the fact that job loss is tapering off (not growing, mind you) and a potential bottoming in some real estate markets (evidently not on Long Beach Island where there are still plenty of houses for sale and rent.)

What about everyone saying that the summer will see the end of the recession? Moneywatch blogger John Keefe isn't quite so sure.

Jill Schlesinger

Jill Schlesinger, CFP® is the Emmy-nominated business analyst for CBS News. She covers the economy, markets, investing and anything else with a dollar sign on TV, radio (including her nationally syndicated radio show), the web and her blog, "Jill on Money." Prior to her second career at CBS, Jill spent 14 years as the co-owner and chief investment officer for an independent investment advisory firm. She began her career as a self-employed options trader on the Commodities Exchange of New York, following her graduation from Brown University.

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