The No-Bang, All-Whimper Recovery

Article Abstract:

The employment figures for Dec. 2003 were 149,000 jobs short of a prediction of 150,000. The creation of only 1,000 new jobs shows what is wrong with the US economic recovery. Economists believe that a decline in incomes will eventually inpact the consumer sector which rebounded temporarily due to tax cuts. The private-sector has 7.5 million less employees than a normal economic recovery would produce over a two-year period. New employment does not look promising because of the increasing dependence on international outsourcing and increased demand for productivity from domestic workers.

Financial management, Economic aspects, Finance, Company financing, Economic recovery

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Shares Drop on Weak Employment Report

Article Abstract:

The most recent employment report, with only 32,000 jobs created in July, caused a decline in the price of stocks, bonds and the dollar.

Security brokers and dealers, Securities & Commodities Services, Securities, Commodity Contracts, and Other Financial Investments and Related Activities, Influence, Securities industry, Job creation

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