Economy Grows as Joblessness Continues Decline

Posted: April 6, 2012 in Economics
Tags: , ,

The Labor Department just reported that the US economy added 120,000 jobs in March.  That’s less robust than in the recent past but a positive number nonetheless.  Recoveries go like this — in a saw tooth pattern rather than straight lines so I am not worried.

That said the sluggishness in the EU caused by wrong headed austerity policies plus the rise in energy costs can be expected to have a suppressing effect on the recovery.  As Paul Krugman wrote in today’s NY Times, we could stand a little more inflation to help the economy pick up steam but we have our own share of wrong headed thinking on this side of the pond too.

So, what did you think?

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