More small-business hires, a better mix of job openings, and the potential for wage growth--while positive trends--won't change Morningstar's Bob Johnson's GDP forecast.
Job growth has slowed significantly in the past 15 years, and with ongoing advances in automation and technology, rising employment will likely remain tepid.
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.
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.
A possible bank default and soft industrial production figures have rekindled some nervousness about the European recovery.
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