U.S.: Jobs Take A Tumble, So Is The Economy Cooling Off?
Most economists have been forecasting a U.S. slowdown for more than a year. But despite higher real interest rates, a surging dollar, the Asian crisis, worries about deflation, or anything else analysts can think up, it just hasn't happened. The reason, in large part, is booming labor markets, which are powering a consumer-led burst of domestic spending.
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