Tags: Maki | Job | Growth | Healthy

Maki: U.S. Job Growth to Increase at Healthy Pace

Thursday, 11 Mar 2010 09:17 AM

The United States is set for job growth that will increase at a “healthy pace,” said Dean Maki, chief U.S. economist at Barclays Capital.

He said the economy is demonstrating growth in the manufacturing and service sectors compared to previous months.

Maki told Bloomberg TV that such a trend suggests that the “economy remains healthy.”

The Institute for Supply Management reported that its non-manufacturing index rose to 53% in February, compared to 50.5% in January.

This news shows that “activity” is “improving dramatically,” said Maki.

After March, Maki predicts that the United States will generate larger numbers of jobs at a “healthy pace.”

He does not believe the United States will experience a double dip recession in 2010. Maki believes that the Federal Reserve will start to raise interest rates later in the year.

The housing market will also “pick up” during 2010, although it will not be a “healthy growth by any means,” he said.

"The U.S. economy is recovering ... in fits and starts," wrote Jennifer Lee, senior economist for BMO Capital Markets, MarketWatch reported.

The results produced from the ISM report show a "sluggish but positive growth path," wrote Mike Englund, chief economist for Action Economics.

Other economists are waiting for more data before making predicting a positive outlook for 2010.

"Although the bulls will see this as a broadening out of the recovery, I am still focused on the jobs data due out on later this week," wrote Steven Ricchiuto, chief economist for Mizuho Securities USA.

© 2015 Moneynews. All rights reserved.

Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Kudos to Congress and Netanyahu

Tuesday, 27 Jan 2015 10:05 AM

Even if Obama hadn't been trampling on the Constitution for years, the overwhelming gravity of the issue on which Netany . . .

Obama's Doubly Deceitful SOTU

Friday, 23 Jan 2015 10:18 AM

It was an otherworldly experience to watch President Obama delivering his State of the Union speech. Even after watching . . .

Republicans Must Unify on Major Issues

Tuesday, 20 Jan 2015 08:18 AM

If we can't come together on some of the basic issues that have always defined us, how do we effectively oppose Presiden . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved