We continue to expect that U.S. economic
growth may rebound to a 3% pace for all of 2014.
The June 2014 jobs report was undeniably
strong on all fronts, standing in sharp contrast
to the weak performance of the economy in
the first quarter of 2014.
The last time the economy created at least
200,000 jobs per month for five consecutive
months was in late 1999 through early 2000,
when the U.S. economy was growing between
4.5% and 5.0%.