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US Jobs Growth Slows Slightly In July, Unemployment Edges Down To 3 5 Percent – Analysis
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Jobs Growth Slows Slightly in July, Unemployment Edges Down to 3 5 Percent
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letter grade starting with a man whose firm manages $2 trillion. i would give the economy a b to a b plus. it s getting better but not fast enough. he buys and sells bonds. these guys are real estate tycoons. i would say it s a c plus. what do you think? b plus. here is a harvard professor. i think it s a b plus at this point. we should be creating way, way more jobs. and the view from the stock market? i think a b minus, maybe more of a c plus. because the government sector is fading. remember, government job growth is fading. reporter: he s talking about washington belt-tightening at exactly the wrong time says this former clinton adviser. on fiscal policy from the congress, i m afraid i will not give a passing grade right now. reporter: wall street journal editorial writer and critics of the obama administration. i give it a b minus but i m optimistic about the future. you have the low interest rates, the housing recovery. i m pretty optim
when they ended qe-1 and qe-2, stocks fell because the economy wasn t in a self-sustaining recovery. every data point will get that scrutiny between now and the end of the year. i m going to ask both of you the question. stephen moore, what letter grade to you give the economy right now? you know, i would give it about a b-minus, but i m optimistic about the future. when you take into account the fact that corporate balance sheets still look beautiful, american companies are lean mean fighting machines, low interest rates, the housing recovery, i m optimistic we may see the b-minus turn into a p-plus. okay, jeff, your turn. i m right there, too. a b-minus. the economy has held up well. one thing i would point out that maybe i graded on a curve, the government sector is fading. remember, government job growth is fading. government is a drag on gdp. minus one percent was the fact,
this question while i ask stephen first. stephen moore who letter grade do you give the economy right now? you know, he d gied i d give minus but i m optimistic about the future. you take into account corporate balance sheets still look beautiful, american companies are lean, mean fighting machines, you have the low interest rates, you ve got the housing recovery. i m pretty optimistic we may see that b minus turn into a b plus. jeff, your turn. i m right there, too. i think a b minus, this economy has held up well. one of the things i grade on a curve a little, maybe more of a c plus than a b minus because the government sector, government job growth is fading, government is a drag on gdp, minus 1% was the contribution in qe1. the private sector is doing well, 3.5% private sector gdp growth, roughly 200,000 private job growth. as the government sector is shrinking the private sector is growing, giving it a boost because the private sector is
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