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'gainst the country they live in.
Jobs, incomes and credit costs – the variables that directly drive three-quarters of the U.S. economy – have rarely been more supportive of demand and output.
An unemployment rate of 4.9 percent indicates a nearly fully-employed economy. That is entirely a result of the Fed-driven cyclical activity that created 2.4 million new jobs in the year to February.
Yes, we still have large segments of idled or underutilized labor resources, such as involuntary part-time workers, long-term unemployed and discouraged workers leaving the labor force. But these are the issues that have to be addressed by structural policies – an exclusive domain of the Congress and the White House.
The household's income picture is the best we have had in the last four years: The real personal disposable income grew 3.6 percent last year, almost a whole percentage point faster than in 2014.
http://www.msn.com/en-us/money/marke...5aX?li=BBnb7Kz
Jobs, incomes and credit costs – the variables that directly drive three-quarters of the U.S. economy – have rarely been more supportive of demand and output.
An unemployment rate of 4.9 percent indicates a nearly fully-employed economy. That is entirely a result of the Fed-driven cyclical activity that created 2.4 million new jobs in the year to February.
Yes, we still have large segments of idled or underutilized labor resources, such as involuntary part-time workers, long-term unemployed and discouraged workers leaving the labor force. But these are the issues that have to be addressed by structural policies – an exclusive domain of the Congress and the White House.
The household's income picture is the best we have had in the last four years: The real personal disposable income grew 3.6 percent last year, almost a whole percentage point faster than in 2014.
http://www.msn.com/en-us/money/marke...5aX?li=BBnb7Kz
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