The Outlook For The US Economy

The Outlook For The US Economy

Corporate profits are soaring. The jobless rate is at its lowest level in four years. But sequester cuts loom. Differing views on the outlook for the U.S. economy.

Last week the Labor Department delivered the best jobs report in more than four years. The Dow Jones industrial average posted record highs. And corporate profits continued to soar. There's good news to celebrate. But some economists and analysts say it's too early to pop the cork on the champagne. Millions of Americans are still unemployed or underemployed. Even though the private sector added 236,000 jobs in February, the public sector dropped 10,000 positions in the same period. Concerns are strong that sequestration cuts will cause the economy - and jobs growth - to slow. Diane and her guests offer differing views on the outlook for jobs and the overall economy.

Guests

Hedrick Smith

author of "Who Stole the American Dream?" and former Washington bureau chief for The New York Times.

Damian Paletta

reporter for The Wall Street Journal.

Edward Conard

author of "Unintended Consequences: Why Everything You've Been Told About the Economy is Wrong"; former partner at Bain Capital.

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