Employment increases as US economy stutters

Robinson, Simon; Gibson, Jane
September 2006
ICIS Chemical Business;9/11/2006, Vol. 1 Issue 34, p18
Trade Publication
This article states that U.S. chemical industry employment has risen in nine out of the past 10 months. Employment is at 898,600, up 20,300 from August 20, 2005. This has been driven by a number of factors, but there has been a continued improvement in sales from last year's low point, directly after the hurricanes which hit New Orleans and the Gulf Coast and curbed petrochemical growth. While the economy is still motoring along, there are some signs of cooling and this has created caution among businesses about hiring new people. This may be a good thing for the economy, because slower job creation will reduce pressure to increase wages, and also reduce the pressure on the federal government to raise interest rates.


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