Comment on U.S. Bureau of Labor Statistics Employment Situation Report: Kathy Bostjancic, Director of Macroeconomic Analysis, The Conference Board

Moderate Job Gains Indicate Status Quo

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Dec 02, 2011, 08:53 ET

NEW YORK, Dec. 2, 2011 /PRNewswire/ -- Overall, the continued modest employment gains reflect an economy that plods along at an uninspiring pace. These modest job gains are still not enough to propel economic growth to a sustainable 2%+ growth path. Service sector hiring is the response to some pickup in demand. Income and spending have improved, but from very low levels in previous months. And while consumer sentiment is not as gloomy as this past summer, it remains quite low this holiday season.

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