Still No Job Creation . . .

Discussion in 'Politics & Religion' started by waggie945, Dec 5, 2003.

  1. Amazing how little job creation there still is after 26 months into this recovery and an 8.2% GDP last quarter.

    Could there be some structural impediments ( like Dan Sullivan of Morgan Stanley ) has been talking about that have restrained the American corporation from hiring? Outsourcing is surely one of them, but what about others?

    Surely Profits drive job creaton, and corporations saw their profits +30% last quarter, and yet we continue to see mediocre job creation. An average of 120,000 jobs created over the past 4 months with a GDP humming along at +8% is mediocre at best!