Job growth hasn't even been close to the rate needed to hit the Fed's target for unemployment below 8%, says Morningstar's Vishnu Lekraj.
We examine the possibility for higher normalized joblessness, the concerns over long-term unemployment, changes in job-sector composition, and what can possibly catalyze job growth.
Following a solid December employment report, average monthly job growth in 2013 could accelerate, but not by much, say Morningstar's Bob Johnson and Vishnu Lekraj.
Job growth in March was solid, but improved sentiment could be a bigger positive than the number itself, say Morningstar's Bob Johnson and Vishnu Lekraj.
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