In September, after the Fed "lowered benchmark overnight rates…more than half a million Americans entered the work force," says an article on Reuters.com. However, according to Anthony Chan, chief economist and managing director at JPMorgan Private Client Services in New York, the boost in work could be temporary.
"The bottom line is that it is almost always a one-time effect. Moving forward you are not going to get that much of a pop. That initial burst of optimism ends up giving way to more pessimism moving forward."
+ View Archives
JPMorgan Chase & Co may have jobs available now. Click here to see them.
