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Everything in the Economy’s Slowing Down Except for Job Creation

MarketWatch (03/29/15) Jeffry Bartash

The U.S. economy has slowed down nearly across the board, except for one important measure—job creation. Retail sales are soft, manufacturers are growing more slowly, and business investment has declined for six consecutive months. However, businesses are hiring at the fastest pace in 15 years, which could be an indication they expect the economy to accelerate in the spring. The first quarter may have been held back by short-lived events, such as heavy snowfall across much of the country, a rising dollar, and a decline in oil prices.