Secular Café: Good economic news from the USA

Secular Café For serious discussion of politics, political news, policy, political theory and economics and events happening round the world

Good economic news from the USA Mar 10th 2013, 18:54 http://www.bbc.co.uk/news/uk-21715184 Quote: Hiring in the US has gathered momentum after government figures showed that the economy created 236,000 jobs in February. The figure was much higher than analysts had expected, and more than the 157,000 jobs created in January. The unemployment rate fell to 7.7% last month, the lowest since December 2008, from 7.9% in January, figures showed. But the White House's chief economist said more work was needed as Congress remained divided over economic policy... ..."Progress in the labour market is unmistakable. The economy is producing more than twice as many jobs as it did at the low point in the second quarter of last year," said Joseph Trevisani, chief market strategist at Worldwidemarkets. But he warned that optimism was "relative", because of slow economic growth. The economy in the October-December quarter made modest gains, growing at an annualised rate of just 0.1%. Analysts are now debating whether the labour market is strong enough to weather a series of public spending cuts, known as the sequester, and whether the Federal Reserve will continue with its loose monetary policy. The latest jobs report takes into account the period before the sequester officially began on 1 March.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions