Monday, October 20, 2014

New Normal, Jobs, Still Missing

New Normal Situation Still Abnormal:

Still Missing: 3.9 Million Prime-Age Jobs - Bloomberg View: "... Some economists are doubtful that the Fed's stimulus efforts can get employment back up to pre-recession levels without generating too much inflation. Their position should be held to a high standard of evidence, particularly given that there isn't much inflationary pressure visible in the available data -- including wage growth in the August jobs report. Those who would give up on getting back to normal must accept both the suffering of millions of people and a permanent impairment of the economy's ability to generate higher living standards." (read more at link above)

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New Normal - Google News