Dow
     -89.23
12801.23
-0.69%
 |
S&P 500
     -9.31
1342.64
-0.69%
 |
Wil 5K
     -108.90
14000.51
-0.77%
 |
Nasdaq
     -23.35
2903.88
-0.80%
 |
EAFE
     -1.03
53.27
-1.90%
 |
OPEC Oil
     +1.09
116.27
+0.95%
 |
10Y Yield
     +0.01
2.01
+0.42%
June 15, 2009 9:23 AM

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

By
Jill Schlesinger
(MoneyWatch)  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.

© 2009 CBS Interactive Inc.. All Rights Reserved.
  • Jill Schlesinger

    >> View all articles

    Jill Schlesinger, CFP®, is the Editor-at-Large for CBS MoneyWatch. She covers the economy, markets, investing or anything else with a dollar sign. Prior to the launch of MoneyWatch in 2009, Jill was the chief investment officer for an independent investment advisory firm. In her infancy, she was an options trader on the Commodities Exchange of New York.

.
Scroll Left
Scroll Right More »
CBS News on Facebook
  • Building You a Better Morning

  • CBS This Morning

    "CBS This Morning," anchored by Charlie Rose, Gayle King and Erica Hill, airs weekdays from 7 to 9 a.m. ET and at the same time in other time zones.
    Learn more...