US growth hindered by debt, weak job gains: economist
Sep 11, 2013 | 12:56 PM
| Corinna Petry
SCHAUMBURG, Ill. U.S. economic growth, as measured by gross domestic product, is stuck in a "2-percent rut" due to persistently slow job creation, according to Dan North, chief economist for North America at credit insurer Euler Hermes, adding that this holds down consumer confidence, consumer spending, small business optimism and capital spending.
"We are not gaining jobs fast enough. We still have 2 million fewer jobs than before the recession," he told attendees Sept. 9 at the Metals Service Center Institutes Economic Summit in Schaumburg, Ill.....
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