Posts tagged “job creation”
On Friday, the U.S. Bureau of Labor Statistics (BLS) released the February jobs report, showing an increase in employment by 227,000 – the third month in a row of job growth higher than 200,000. This report, coupled with strong numbers from the stock market and other leading indicators show that we may finally be entering a point of sustained economic recovery from the 2008 financial crisis. However, some people are speculating that the run-up in gasoline prices will push the recovery off track (see: LA Times, USA Today, Businessweek).
I think this run-up in gas prices is different than previous ones, because our economy is more balanced between oil producers, who benefit from high prices, and consumers, who are harmed. On balance, I agree with Professor Hamilton’s view over at Econbrowser: high gas prices won’t derail the U.S. economy.
Bipartisan coalition of Governors issues proposal to Washington to mandate minimum requirements supporting wind energy.