Concerns for recovery as jobs growth slowed to snail's pace in first half of year
There have been slews of good news on the economy over the past year. But those hoping for more of the same were disappointed yesterday. The number of people at work barely grew in the first half of the year compared to the end of 2013.
Despite some positives in the sheaves of figures on jobs published by the state's statisticians, the single most important indicator of the health of the economy contradicts most other indicators, which are pointing firmly towards a quickening pace of economic expansion.
The near stagnation of jobs numbers in the March-June period, coming on top of a similar underwhelming performance in the first quarter of the year, puts something of a damper on hopes of a rapid recovery.