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Looking Up; The Economy and Stimulus
Oleh:
[s.n]
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
The Economist (http://search.proquest.com/) vol. 401 no. 8763 (Dec. 2011)
,
page 36.
Topik:
Economic Recovery
;
Job Creation
;
Politics
;
Economic Policy
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
EE29.69
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
Three months ago Barack Obama was firmly in the dock over news that no net jobs were created in August. Some gloomy people even saw a double-dip recession on the way. America, it turns out, was not on the verge of recession, and it still isn't. Subsequent revisions show that 104,000 jobs were in fact created in August. Later months have also been revised upwards, and in November payrolls grew by 120,000, or 0.1%. On December 2nd the government also reported that the unemployment rate had declined sharply to 8.6%, the lowest figure for two-and-a-half years, down from 9%. November, it seems, was a very good month. Retailers reported solid sales on and after "black Friday", the day after Thanksgiving on November 24th that marks the traditional start of the Christmas shopping season. Car sales were at their strongest since the days of the cash-for-clunkers subsidy programme, back in August 2009. Mortgage applications also ticked sharply higher. The American economy is looking up in large part because it has been down for so long.
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