Experts say the weak job market does not mean the economy will turn down again
YORK August 7 morning news yesterday, according to foreign media reports, the National Bureau of Economic Research (National Bureau of Economic Research, NBER) business cycle determination subordinate Chairman, Stanford University economist Robert Howe Seoul (Robert Hall) Friday said the U.S. job market is in a "weak and faltering," the recovery process, but that does not mean that the U.S. economy would be sliding into recession cycle, productivity growth may be a reflection.
Hauer, said in an interview today: "So far, there is no indication that the economy will fall into recession in the second cycle." Hauer determination under the leadership of the business cycle committee responsible for determining an economic downturn began with the the end of a specific time.
According to the U.S. Labor Department report released earlier today showed that in July is not included in the agency's non-farm payrolls increased by 7.1 million, in June the number of new jobs were revised down to 3.1 million. Bloomberg News survey of economists surveyed had on average forecast in July for the U.S. non-farm employment increased by 9 million people. The report also shows that total employment in July decreased by 13.1 million people, the unemployment rate remained unchanged at 9.5%. (Jin-liang)
