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.
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In This Issue
- Editorial: Can Guatemala overcome the drag of the past?
- Homeless youth seep through the cracks
- Confession is about the mind-boggling mercy of God
- Special Section (in print only): Travel
Some articles are only available in the print newspaper and Kindle edition.
by Matthew Fox, Religion News Service Eco Catholic