NEW YORK TIMES: After years of frustrating fits and starts in the wake of the financial crisis and the Great Recession, the United States economy finally appears to be generating jobs at a healthier, more sustainable pace that many analysts now think will continue into 2014. The official unemployment rate fell in November to its lowest level since 2008.
Employers have hired at least 200,000 workers in three of the last four months, including 203,000 in November. By contrast, as recently as July, when the economy seemed stuck in yet another summer swoon, only 89,000 new jobs were created…
“We still need more evidence that the economy is picking up momentum before we ring the victory bell,” said Julia Coronado, chief economist for North America at BNP Paribas. While the unemployment rate, which counts only people actively looking for work, has fallen to 7 percent, from 7.8 percent a year ago, she said that was largely because of people dropping out of the work force… (more)
I believe Newslanc is a fan of Nobel prize economics winners. Here is the opinion of a recent winner via Routers.