December 6, 2013
Statement from LIA Chief Economist John Rizzo on Today's Job News
By: Dr. John A. Rizzo
"This is the fourth consecutive month of solid employment news. The labor market continues to improve along with the economy overall but these and other recent reports of strong economic performance have raised concern that the Fed will begin tapering its economic stimulus. This would be unfortunate and unnecessary as the economic recovery is still fragile, the unemployment rate is still elevated far above pre-recession levels, wages remain stagnant and initial reports on holiday shopping over Thanksgiving have been disappointing."