This article agrees with the comments and predictions the economists made at the Economic Outlook Conference in that the economy is growing. In fact, "The unemployment rate was unchanged at 5 percent, and average hourly earnings rose 0.2 percent last month, both identical to the forecasters’ projections." These numbers actually lines up with what people have been predicted. However, although the new jobs number has been increasing, it does not show progression or fix some key weaknesses of the economy. The ratio of the population working was unchanged at 59.3 percent.
Source: http://www.nytimes.com/2015/12/05/upshot/the-economy-is-growing-but-not-fixed-yet.html
1 comment:
I think it is hard to say the economy is back on the track and doing great just from the data showed in the recent two months. If unemployment rate can continue dropping next year with economic growth then It would be a better time to affirm that the economy is dong better now.
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