Dr. Peter Morici says US jobs growth stalled; Goldman Sachs says outlook for US economy ranges from “fairly bad” to “very bad”
Oct 7th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Dr. Peter Morici said on Wednesday that US jobs growth has stalled and and new Federal Reserve polices won’t help. Also on Wednesday a private sector group said the US lost 39,000 private sector jobs in September. Meanwhile, Goldman Sachs's chief US economist said he thinks the outlook for the US economy ranges from "fairly bad" to "very bad," and says policy makers need to act to help engineer a better growth environment.