Saturday, March 9, 2013
Private Sector
In this article we get a sense that the economy has a good reason to be out of a recession. It talks about how the private sector is actually hiring and picking up the slack the government is leaving behind, yet the government has yet to start backing off some more. Do you think this is a smart move by the government? Why? Is the fact that the job growth is across the board a good or bad thing? Higher paying jobs could give the economy the boost it needs, as long as consumers continue to spend their money instead of saving it, right?
Subscribe to:
Post Comments (Atom)
I am really happy to see added jobs to the economy. I think the budget cuts are too much! I don't get the motivation to proceed with such budget cuts if, as shown by this article, could cost the economy a lot. And yes, as long as consumers spend (which would be the anticipated result) higher paying jobs could give the economy a boost.
ReplyDeleteThis article reports great news for the economy. With this being said, I am very skeptical about all of this good news. It seems as if everything is starting to boom to heavily again and I can only hope that we are not amidst another economic bubble. Within the article it states "surging stock prices, mending housing and labor markets and a booming energy sector are among the tailwinds propelling the economy." I hope that these markets continue to boom and do not meltdown like in 2008. The country cannot afford another recession yet.
ReplyDeleteIf one sees the one side of the economy, may consider that it is recovering from the recession. However, there are many point of views that one should consider. One can read the data either the economy is getting better and more jobs are available, or people are working more jobs because their hours were to cut and they need a second job. In the first case, the increasing of the jobs occurs because of the banks and credit unions are much more willing to spend money now. That has helped the companies' productivity to increase. But is only the willing of the banks and credits union that we need? It is clear that the economy needs the joint of the all sectors of the economy and the willing of them. However, I do not think that the miracle is already completed. Gallup notes "Although fewer people are unemployed now than a year ago, they are not migrating to full-time jobs for an employer. In fact, fewer Americans are working full-time for an employer than were doing so a year ago, and more Americans are working part time". That means that There are not the types of good jobs that millions of Americans are still searching for. So, the economy is recovering, but how the data are shown and how people read it. One cannot take a position in this topic yet because we should wait how the economy is recovering. That is why I agree with the FED. "Although February showed promising momentum, the Fed isn't expected to put the brakes on its easy-money programs until it sees further, sustained gains" You should keep in mind that the stable is not only inside of the country, but also in the globalization world and how that can affect the country.
ReplyDeleteyeah youre totally right here rohitha. This is definitely the boost we need
ReplyDelete