Economists expect some modest job creation to occur over the next several months.
The city's unemployment rate rose in January to 8.4percentt, up from 8.1percentt in December, despite some modest job creation, the city comptroller, William C. Thompson Jr., said yesterday.
Studies of European firms before 1998 told a similar story: one of modest value creation, with most of the benefit going to the sellers.So why was the performance in 1998-2001 so much worse than the historic norm?
In October, a panel of economists polled by The Wall Street Journal forecast 2.3 percent G.D.P. growth (adjusted for inflation) in 2012, somewhat below the election-year average of 3 or 4 percent and only enough to provide for modest job creation.
It's interesting that so much attention is being paid to the modest job creation numbers for October, and so little is being given to a much more significant issue that Democratic presidential candidate John Edwards is homing in on.
If the economic slowdown comes from more modest job creation than the nation has seen recently, the Fed will be pleased because it means that inflation stays in check.
Signs are that the modest job creation of recent months has stalled in August," he said.
The modest job-creation proposals the administration unveiled Tuesday individually have their merits, and they seem much more mission-focused than the mish-mashed stimulus bill that Congressional Democrats constructed.
Its surrealism (imagine a modest, cut-rate creation by Gaud?matches the dreamlike style.
The band is the Punch Brothers, the bluegrass brainchild of the 31-year-old mandolin maestro Chris Thile, and the film's modest chronicle of creation tracks this young fusion group, onstage and behind the scenes, as it hones a sweet-and-lonesome long-form sound.
