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Jobless Rate Down, Stocks Up, Washington Is Unmoved
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The U.S. unemployment rate declined to 7.7% in February 2013 from 7.9% in January, with 236,000 jobs added. IHS Global Insight's forecast of GDP growth is 1.5% for the first half of 2013 because of spending cuts and the increase in Social Security taxes in Jan 2013. Macroeconomic Advisors predicts the federal spending cuts will lead to loss of about 700,000 jobs, with most of this ocurring in the second and third quarters. As a result economists expect the unemployment rate to be at about 7.5% by the end of 2013. The job gains were broad based including manufacturing and business services, and 48,000 construction jobs were addd. At the same time the labor force participation rate declined to 63.5% reflecting some workers retiring and some discouraged workers dropping out of the job market.
Unemployment in the U.S. for 1st quarter 2013
02/02/2013
Grouped Articles
Wall Street Journal 05/04/2013
Washington Post 02/02/2013
Jobless Rate Down, Stocks Up, Washington Is Unmoved
New York Times 03/08/2013
Employers Ignore Economic Clouds
Wall Street Journal 03/09/2013
U.S. Adds Only 88,000 Jobs; Jobless Rate Falls to 7.6%
New York Times 04/05/2013
U.S. quarterly GDP and economic growth for 2012-2013
04/27/2012
Grouped Articles
Wall Street Journal 04/28/2013
Economy May Be Getting Its Wings Clipped
Wall Street Journal 07/30/2013
Wall Street Journal 08/01/2013
BofA Chief Says Fed Will Keep Pace
Wall Street Journal 11/07/2013
U.S. Economy Begins to Hit Growth Stride
Wall Street Journal 12/21/2013
U.S. Starts to Hit Growth Stride
Wall Street Journal 01/30/2014
Predictions for U.S. GDP and economic growth in 2013
10/12/2012
Grouped Articles
Uncertainty Is the Enemy of Recovery
Wall Street Journal 04/28/2013
Economy May Be Getting Its Wings Clipped
Wall Street Journal 07/30/2013
Wall Street Journal 08/01/2013
Revision Shows U.S. Growing at Fastest Rate Since 2011
New York Times 12/20/2013
U.S. Economy Begins to Hit Growth Stride
Wall Street Journal 12/21/2013
U.S. Starts to Hit Growth Stride
Wall Street Journal 01/30/2014
U.S. Federal Reserve and policies to counteract the effects of the "fiscal cliff" on GDP and economic growth in 2013
08/22/2012
Grouped Articles
Bernanke Plays Down Link Between Jobless Rate, Fed Moves
Wall Street Journal 07/18/2013
Wall Street Journal 08/01/2013
In Surprise, Fed Decides to Maintain Pace of Stimulus
New York Times 09/18/2013
Economists See Nominee as Slightly More Dovish Bernanke
Wall Street Journal 10/10/2013
Yellenâs Path From Liberal Theorist to Fed Voice for Jobs
New York Times 10/09/2013
The Yellen Fed? Precise and Predictable
New York Times 10/09/2013
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