In addition, “stock and housing market bubble” and “global current account imbalances” would figure prominently among those with a more negative connotation. Needless to say, this list is by no means complete.
The pace of job gains has remained above what is needed to provide jobs for new workers entering the labor force, allowing the unemployment rate to move down further over the course of last year. The unemployment rate was 3.6 percent last month and has been near half-century lows for more than a year. Job openings remain plentiful.