Economists say 2012 should see growth

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WASHINGTON — The U.S. economy will grow faster in 2012 – if it isn’t knocked off track by upheavals in Europe, according to an Associated Press survey of leading economists.

Unemployment will barely fall from the current 8.6 percent rate, though, by the time President Obama runs for re-election in November, the economists say.

The three dozen economists expect the economy to grow 2.4 percent next year.

The economy has generated at least 100,000 new jobs for five months in a row – the longest such streak since 2006. The number of people applying for unemployment has dropped to the lowest level since April 2008. The trend suggests that layoffs have all but stopped and hiring could pick up.

The economists surveyed Dec. 14-20 expect the country to create 177,000 jobs a month through Election Day. That would be up from an average 132,000 jobs a month so far in 2011.

Dean Maki, the chief U.S. economist at Barclays Capital, says the economy remains vulnerable to an outside shock. A big threat is the risk that Europe’s debt crisis will trigger a worldwide credit freeze.

Even without an outside jolt, the economists expect barely enough job creation in 2012 to stay ahead of population growth and the return of discouraged workers into the labor force.

If Europe can stabilize its economies, the U.S. stock markets would rally, economists say, and prospects for U.S. economic growth would brighten.

“Europe appears to be the only real impediment to keeping this recovery from happening,” said Joel Naroff, the president of Naroff Economics.

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seenitB4
90668
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seenitB4 12/27/11 - 06:08 am
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The people are doing

The people are doing this---not daddie government-----We the people are sick & tired of the messups from giverment----we are buying local......ignoring the mush coming from DC....we know what is best for us.....funny thing but when you tell a store you will buy more when they have MORE American products....lo & behold....they GET more USA products....Money talks!

Riverman1
86839
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Riverman1 12/27/11 - 06:17 am
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SeenIt, a good idea, but I'm

SeenIt, a good idea, but I'm trying to think of something that's still made in America?

seenitB4
90668
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seenitB4 12/27/11 - 06:28 am
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river...It can be done but

river...It can be done but not easy ....simple things like laundry detergent--bathroom paper---napkins----some grocery items-----veggies in the frozen depts.---females will probably do more to change this than the guys because we shop more.....but don't worry we will make it happen.:)
After all the good Lord knew what he was doing when he made us the baby maker....you guys are good at starting a project but someone has to carry your plans to the finish line..

seenitB4
90668
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seenitB4 12/27/11 - 06:33 am
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The other night ABC had

The other night ABC had thousands of employees thanking the US for buying more American products....they said because of YOU America we have jobs now.... tears came to my eyes...I knew we have made a difference.......100,000 more jobs for each month for the last 5 months.. Thankyou ABC for putting that on tv.

seenitB4
90668
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seenitB4 12/27/11 - 06:47 am
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I wish AC would put some

I wish AC would put some articles about buying American & what companies in the CSRA have grown lately....
I haven't bought many new clothes lately because that is so HARD to find (American made)......some women are buying from 2nd time around stores---even the wealthy ladies ---some have never shopped there B4..
My daughter has found some great buys in the stores on Walton Way-CentralAve. etc.---I couldn't believe the patio furniture she found for almost nothing!!!.....She could give lessons now on shopping there---if she comes to the get-together I'll ask her to give the names of the best shops....:)

Riverman1
86839
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Riverman1 12/27/11 - 06:48 am
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SeenIt, food I understand,

SeenIt, food I understand, but as far as actual manufactured products that are used in our homes, I honestly can't think of any made in America except some furniture. Sad.

seenitB4
90668
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seenitB4 12/27/11 - 06:59 am
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2nd hand furniture can be

2nd hand furniture can be cleaned & repaired-----trips to the furniture shops in North Carolina (closer than you think)my sister has gotten a house full of furniture from N Carolina & rented a U-Haul to bring it to Martinez......cheaper than you think....
The American businessman will adjust when his sales go bye-bye ----we created this monster & we can change it.....
OAP crowd....Occupy American Products....sounds catchy.

drivenslow
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drivenslow 12/27/11 - 10:49 am
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yeah yeah yeah we have been
Unpublished

yeah yeah yeah we have been hearing this for what four years and yet we still dont even have a federal budget another shutdown looms AGAIN...but hey we have socialist insurance now dont we

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