Sunday, February 9, 2014

Economy Added 113,000 Jobs in January; UR Dips to 6.6 percent

http://www.washingtonpost.com/business/economy/economy-added-11300-jobs-in-january-unemployment-rate-dips-to-66-percent/2014/02/07/9724cdb8-8f8f-11e3-84e1-27626c5ef5fb_story.html

This article outlines the current state of the economy and how the expected take off of 2014 didn't exactly happen. Instead, there was only a growth of 113,000 jobs in January, though the unemployment rate lowered to 6.6% and the hourly wage rose by five cents. There was a lot of hope for the new year, with the federal budget deal. The article discusses the current economic outlook as well as potential causes and solutions that can be taken.

1 comment:

  1. The economy can't improve as long as wages are stagnant. It's a vicious cycle that businesses are intent on pursuing by keeping money from reaching their employees' paychecks.

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