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
- Raising their voices; groups seek to broaden input on issues for family synod
- Francis needs to go beyond his play-it-safe verbiage
- Religious adopt Earth pledge
- Special Section (in print only): Religious Life
Some articles are only available in the print newspaper and Kindle edition.
by Peter Finney Jr., Catholic News Service Eco Catholic
by Beth Donze, Catholic News Service Eco Catholic