http://www.nytimes.com/reuters/2014/02/06/business/06reuters-usa-economy.html
This article talks about how the general outlook of the labour market has gotten better. It does this by telling us that the number of Americans filing new claims for unemployment benefits has gone down. While all this seems like good news, the article says that it's not all good news.
It goes on to tell us about how exports for the fourth quarter of 2013 have been at their lowest since October 2012. This is bound to put a damper on the governments predictions, and some analysts say it could affect the growth by a much as half a percent.
The adverse/extreme weather conditions seem to be a big reason for the slump in exports. Factory had slowed down and retailers had low output. However, the article says there was increased hiring in the private and services sector.
Overall, the articles depicts a somewhat rosy picture of the future of the US economy. What do you guys think?
2 comments:
The article mentions an increase in worker productivity as a good sign for future job growth. Its possible that the increase in worker productivity is due to advancements in technology, which is typically not good for employment in the short run.
The US economy is not labor intensive and all that focus on trying to improve unemployment and not the quality of employment in terms of productivity etc. Technology should create more high skilled jobs in the long run.
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