Why does Wall Street like a “Goldilocks number” when it comes to job growth? Job growth in May kept up with the year’s monthly average, with 175,000 new jobs added. Meanwhile, the unemployment rate increased slightly to 7.6 percent.
1. What is the role of the Federal Reserve regarding the risk Wall Street sees?
2. Is there another way to look at the job growth numbers? If so, what is it?
3. According to economists, how many new jobs are needed each month to absorb people who want to join the work force for the first time? Based on this, what is your take on the economy?
NYT Video. 2013. Why does Wall Street Like Slow Job Growth? (Retrievable online at http://www.nytimes.com/video/2013/06/07/business/100000002268189/why-wall-street-likes-slow-job-growth.html#100000002268189)
Crudele, J. 2013. The Perfect Mix. The New York Post (Retrievable online at http://www.nypost.com/p/news/business/the_perfect_mix_xC4RVG23aNggwn2DDwcZFO)