This was not intended to become a series. When I wrote the first of the “It’s the Jobs, Stupid!” pieces in October 2009, the U.S. economy was in dire straits. The open unemployment rate had risen to 9.8% in September, the highest level since June 1983. The economy had shed 7.2 million jobs since th…
Morningstar director of economic analysis Bob Johnson addresses recent sluggishness in the economy and makes the case for better growth in the second half of the year.