|
|
"A comprehensive, collaborative elections resource."
|
Some experts skeptical about US economic rebound despite solid data
|
|---|
| Parent(s) |
Issue
|
| Contributor | Servo |
| Last Edited | Servo Nov 11, 2003 09:36am |
| Logged |
0
|
| Category | News |
| Media | Website - Yahoo News: Iran |
| News Date | Tuesday, November 11, 2003 06:00:00 AM UTC0:0 |
| Description | David Rosenberg, chief North American economist for Merrill Lynch, said a closer look at the data show most employment gains were in low-wage jobs, with incomes barely budging and some key economic sectors left behind.
"We don't mean to dwell on the darker side of Friday's nonfarm payroll report, especially since everyone is dancing around the kitchen table ... (but) we end up being a tad skeptical," Rosenberg said.
Rosenberg said labor market participation is a weak 66 percent, and that although the official unemployment rate rate is 6.0 percent, the "augmented" jobless rate, counting discouraged workers outside the labor force, is 9.0 percent. |
| Share |
|
|
2¢
|
|
| Article | Read Full Article |
|
| Date |
Category |
Headline |
Article |
Contributor |
|
|
