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.
This week: The June jobs report keeps the Fed on track, the Dow hits a milestone, and a story is developing in South America--not related to the World Cup.
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.
A possible bank default and soft industrial production figures have rekindled some nervousness about the European recovery.
Shopping center data hit new highs, auto sales broke all expectations in June despite strong headwinds, and pending home sales made one of their biggest jumps in the recovery.
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