Another spring, another sputtering American recovery. For the third year in a row, what many anticipated to be a return to robust growth is beginning to look like another summer of hibernation. Last Friday’s payroll numbers showed a 115,000 drop in joblessness, barely enough to match population growth. And the ratio of Americans seeking work continues to go in the wrong direction, which flatters the official unemployment number. It fell a decimal point to 8.1 per cent last month. If no one had dropped out of the labour market, the official rate would have risen.
又一個春天，又一場磕磕碰碰的美國經濟復甦。這已是連續第三年：許多人預期將重歸強勁成長的美國經濟，開始看起來又將在夏天進入蟄伏。最近的就業數據顯示，失業人數減少11.5萬，勉強與人口成長相匹配。尋找工作的美國人比例繼續向錯誤的方向變動，這對官方失業數據起到粉飾作用。4月失業率下降0.1個百分點至8.1%。如果沒有人退出勞動力市場，這個官方數據本來是會上升的。
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