Steady Job Gains To Sustain US Recovery - KAUZ-TV: Newschannel 6 Now | Wichita Falls, TX

Steady Job Gains To Sustain US Recovery

WASHINGTON (AP) - An Associated Press survey of 32 leading economists suggests steady hiring will get strong enough to push the unemployment rate below 8 percent by Election Day.

Yet the same economists think it will be at least three more years before unemployment falls below 6 percent, which would be a sign of a healthy economy. The economists predict the pace of hiring the rest of 2012 won't be as brisk as it was early this year.

Despite other pressures like higher gas prices, those surveyed think the economy has entered a "virtuous cycle" in which hiring boosts consumer spending, which fuels more hiring and spending.

The survey results come before tomorrow's April jobs report.

Falling unemployment could boost President Barack Obama's prospects in November. Going back to 1956, no president has lost re-election when the unemployment rate dropped in the two years before the election.

  • News HeadlinesNewsMore>>

  • Star Wars fans look forward to seeing The Last Jedi

    Star Wars fans look forward to seeing The Last Jedi

    Friday, December 15 2017 2:34 AM EST2017-12-15 07:34:08 GMT

    The force was strong as theaters at Cinemark 14 Wichita Falls filled up for the premiere of Star Wars: The Last Jedi "I've been a Star Wars fan since I was in 7th grade, Ezrah Brull said, "and when I heard that the sequels were being made I was like 'yes I need to see them.'"    "The movies we already saw were really cool," Quinn Baxter said. "We like them and they're good," Vincent Baxter said.  ...

    The force was strong as theaters at Cinemark 14 Wichita Falls filled up for the premiere of Star Wars: The Last Jedi "I've been a Star Wars fan since I was in 7th grade, Ezrah Brull said, "and when I heard that the sequels were being made I was like 'yes I need to see them.'"    "The movies we already saw were really cool," Quinn Baxter said. "We like them and they're good," Vincent Baxter said.  ...

  • 8 Year Old is impressed by all Santa does

    8 Year Old is impressed by all Santa does

    Friday, December 15 2017 2:19 AM EST2017-12-15 07:19:04 GMT

    Santa took time out of his busy schedule to visit First National Bank of Wichita Falls. A representative told us Mrs. Clause rearranged his schedule so he could be there today.   "It's real special for us because we're really a family oriented bank," Gordon McCain, Retail Sales Leader said, "and it's important for us to see the light in the eyes of the little children coming in and also the adults that come in." Shane Rater came to see Sa...

    Santa took time out of his busy schedule to visit First National Bank of Wichita Falls. A representative told us Mrs. Clause rearranged his schedule so he could be there today.   "It's real special for us because we're really a family oriented bank," Gordon McCain, Retail Sales Leader said, "and it's important for us to see the light in the eyes of the little children coming in and also the adults that come in." Shane Rater came to see Sa...

  • Fire engulfs home near Bowie

    Fire engulfs home near Bowie

    Thursday, December 14 2017 9:31 PM EST2017-12-15 02:31:37 GMT
    (Source:Bowie Rural Fire Department)(Source:Bowie Rural Fire Department)

    A home is described as a total loss after a fire engulfed it Thursday near Bowie. 

    A home is described as a total loss after a fire engulfed it Thursday near Bowie. 

Powered by Frankly