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Page 2 - The Sequester Hasn T News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Detailed text transcripts for TV channel - MSNBC - 20130308:16:02:00

sign that the economy is moving in the right direction. let s dig in and talk more about it. senior fellow at the center on budget and policy priorities, the jared bernstein. all right. let s difficult in. the labor department says the drop is fueled more by fewer people that are looking for jobs, but these numbers are before the sequester went into effect, so can this be sustained? this is where we need to be if we want to turn this recession or the lagging recession around. so that s the question. i mean, the sequester hasn t kicked in yet. when it does kick in, i m afraid it s going to cut about half a percent off gdp growth, certainly maybe around 500, 700,000 jobs, so the question is, is the underlying economy have the strength to shake that off going forward and post more job reports kind of like this one? that s unknowable. i think this report gives you a little more faith that perhaps that can happen.

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