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Byline: Rana Foroohar, Richard Wolffe, Joe Cochrane, Eric Pape, Sarah Schafer and Alexandra A. Seno, Jonathan Adams, Marc Peyser, Sean Smith, Liat Radcliffe, Nicki Gostin
THE ECONOMY
Searching for Jobs
The mystery of the jobless recovery has begun to spread. Economists have used this loaded phrase first to describe the United States, and now Russia, Mexico and India. To date, most analyses look only at the "jobless" half of the phenomenon, and say the answer lies in rising productivity--companies learning to do more with fewer workers. Goldman Sachs economist Jan Hatzius, however, argues that U.S. growth was much slower than the official 2003 ...
Source: HighBeam Research, Periscope.(international affairs)