CNBC has the numbers. Not only did last month's number come in lower than expected, but the previous month's figures were revised downward. The fact that the unemployment rate itself dipped one-tenth of a percentage point is meaningless. What is especially grim here is that the sluggish growth will guaranty more good times on Wall Street as the Fed will have to keep pumping up the economy, but for the rest of the country, the sluggish growth, in part dragged down by the government cuts mandated by sequestration, is not only insufficient to get people back to work, but it is having a depressing effect on wage growth.
NCR Email Alerts
Sign up to get NCR updates by email. Existing users: change your preferences here. Enter your email address in the box below and click “Go.”
In This Issue
- Hundreds gather to press for immigration reform
- Editorial: Why won't the US sign a land mine treaty?
- Exhibit showcases German artist's version of saintly and secular female subjects
- Special Section [Newspaper only]: Spirituality
Not all of our content is online. Subscribe to receive all the news and features you won't find anywhere else.