Andrew Tilton
Unemployment edges up to 9.2 % amid sluggish recoveryPosted by RJ and Makay on Jul 08, 2011 |
>> Read More RJ & Makay Blog Posts
The U.S. economy added only 18,000 jobs in June as sluggish job gains put a damper on the slow economic recovery for the second month in a row. The number fell far short of 105,000 jobs that economists had predicted for the month. The unemployment rate rose to 9.2% from 9.1% the previous month.
Economists more upbeat about economy in 2011Posted by RJ and Makay on Jan 19, 2011 |
No one's promising a rose garden, but economists do seem increasingly optimistic. According to a Reuters poll released today, the consensus for 2011 among 80 economists surveyed is for overall GDP growth of 3%, up from the 2.7% forecasted in December and the 2.3% predicted in November.
Growth expectations for the first and second quarters of 2011 also rose dramatically, to 3.2% from 2.7% and 2.8%, respectively, in last month's poll. "The upgrade in view has been due to better data, more fiscal stimulus in 2011 than we had expected — particularly the payroll tax cut which was not anticipated — and analysis that suggested households have now increased saving," says Goldman Sachs economist Andrew Tilton.
The Talmud
