W.House adviser: US economy set for "soft landing" - 2007-01-05
A healthy reading on December jobs growth suggests the U.S. economy is set for a "soft landing," a top White House economic adviser declared on Friday, crediting good monetary policy at the Federal Reserve. Allan Hubbard, director of the White House National Economic Council said that the Fed definitely got it right so far during an interview with CNBC television.
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U.S. Economy: Job Growth, Wage Gains Beat Forecasts - 2007-01-05
Employers in the U.S. added more workers than expected last month and wages surged, suggesting economic growth is recovering from a nine-month slowdown. The addition of 167,000 in payrolls followed a November gain of 154,000 that was larger than previously estimated, the Labor Department declared today in Washington. The jobless rate stood at 4.5 percent.
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