KKTV - Economy - Headlines

Analysts Say Jobs Numbers Should Ease Recession Concerns

By: AP
By: AP
AP

AP

WASHINGTON (AP) -- Today's jobs numbers are seen as an indication that the U.S. economy might be resilient enough to pull out of a midyear slump and grow modestly as the rest of the world slows down.

The numbers are providing campaign fodder for both President Barack Obama -- who points to the 163,000 new jobs in July -- and for Mitt Romney, who highlights the uptick in the jobless rate from 8.2 percent to 8.3 percent.

Scott Brown, the chief economist of the investment firm Raymond James, says the numbers are "not especially weak" but "not especially strong."

Investors, though, focused on the positive -- sending stocks to some big gains. The Dow finished more than 200 points higher.

Economist Paul Ashworth of Capital Economics says today's numbers should "ease fears that the U.S. economy is following Europe into recession."

But if the job picture keeps improving, it could make it less likely that the Fed will act to stimulate the economy at its next meeting in September.


KKTV firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKTV 11 News.

If you believe that any of the comments on our site are inappropriate or offensive, please tell us by clicking “Report Abuse” and answering the questions that follow. We will review any reported comments promptly.

powered by Disqus
KKTV 520 E. Colorado Colorado Springs, CO 80903 Office: (719) 634-2844 Fax: (719) 632-0808 News Fax: (719) 634-3741
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 164939636