清秋瘦水英语文章,time,时代,economist,经济学人
continue to add labour at a rapid clip, including new temporary positions which indicate that further hiring may be on the way. The construction sector is still very weak; residential builders took on just 1,700 new workers in February. A better labour market overall, however, will raise housing demand and translate, eventually, into more of a recovery there.
If there is a cloud to this silver lining, it is the reminder that America's economy remains quite far from where it ought to be. The 8.3% unemployment rate, while down sharply from a year ago, is still well above what economists consider to be the normal level. There are still nearly 13m unemployed Americans, and total employment is still just over 5m jobs short of the pre-crash peak. As strong as recent reports have been, they have yet to match those in the recovery from the recession of the early 1980s, for instance, when monthly job growth routinely topped 300,000.
And while momentum seems to be building, there is no shortage of threats around the world. Europe ever looms, and rising oil prices have households nervous. The biggest danger may be policymaker complacency, however. The Federal Reserve took steady strides toward more economic support in
