Posts
Police Clear a Pro-Palestinian Encampment at USC for a Second Time
-
The university has been in turmoil following the decision not to allow its
valedictorian, who is Muslim, to speak at graduation.
28 minutes ago
What’s the new normal? An economy growing around 2%, workers’ wages rising about 2% a year and roughly 150,000 jobs being created each month. Read latest employment report.
ReplyDeleteNot bad, but well below the nation’s typical performance. At this stage of a recovery, the U.S. economy normally grows around 3% a year and adds upward of 200,000 jobs a month. Wages also tend to rise a bit faster.
MarketWatch consensus
See economic calendardate report Consensus previous
Jan. 10 Weekly jobless claims 365,000 372,000
Jan. 11 Trade deficit -$41.3 bln -$42.2 bln
Jan. 11 Import price index 0.1% -0.9%
/conga/economy-politics/calendars/preview widget.html 243551
“The economy is growing, but not fast enough to move the needle in terms of its potential,’ said Steve Blitz, chief economist at ITG Investment Research. “We are on a low-trajectory growth rate.”
Investors won’t get any evidence to show otherwise this week, either. The economic calendar is extremely light, highlighted by the U.S. trade deficit and secondary reports on weekly jobless claims, small-business activity and the price of imported goods.
“The data is not going to be driving much activity this week,” said Julia Coronado, senior economist at BNP Paribas.
Several top officials at the Federal Reserve are also slated to give speeches. Although the central bank is not expected to change its strategy soon, markets always pay close attention to what Fed VIPs say.
Reuters
Like the economy, jobs are growing only modestly.
In the middle lane
The trajectory of the U.S. economy has been remarkably stable — some would say flat — over the past two years. In both 2011 and 2012, the U.S. had created an average of 153,000 jobs a month.
..... CONT /2 ...