America’s economy: Jobs are not enough

Posted: July 18, 2014 in economy
Tags: , ,

UK Only Article: 
standard article

Issue: 

America’s lost oomph

Fly Title: 

America’s economy

Rubric: 

New figures show that the speed at which America’s economy can grow without stoking inflation has fallen

Location: 

WASHINGTON, DC

Main image: 

20140719_fbp007.jpg

AMERICAN workers have had no news this good for years. In June employers added 288,000 jobs, bringing the total for the year to 1.4m, the best six-month stretch since 2006. Unemployment has sunk to 6.1%, the lowest rate in almost six years. It could hit levels long regarded as “full employment” within a year. Help-wanted signs are proliferating, with vacancies up by 20% since January.
Such an ebullient labour market is usually the token of a booming economy. Not now. In the first quarter gross domestic product fell by 2.9% at an annual rate, the worst showing since the recession. This was a result in part of bad weather. Yet the second quarter will only be strong enough …

via Economic Crisis http://ift.tt/1stedoM

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s