Topic: Gad Levanon
Pay raises are getting smaller, but consumer prices continue to rise. If the trend in shrinking worker pay raises continues, it could mean stalled consumer spending and a halt to economic growth.
One month doesn't make a trend, but recent gains in job growth were broad-based across the economy. GDP forecasts have edged up, too. This bodes well for a jobs recovery that’s better than what followed the 2001 recession.
04/02/2010 03:48 pm
Although the job market seems to be looking slightly better, an actual increase in jobs may not show up until around the end of the year.
09/09/2009 01:00 am