Would Infrastructure Spending Boost Jobs Even Further?Play
The November jobs numbers are out today, and they're better than expected. The economy added 321,000 jobs last month, more than any other month this year.
But how to keep that up — and create even more jobs? Something President Barack Obama and others have pushed is to invest in major transportation projects and upgrading the country's infrastructure.
Speaking to the Business Roundtable in Washington this week, Obama said:
"Infrastructure is one area where we need to go ahead and make some significant investments. Anybody who travels around the world and looks at what airports outside the United States now look like, and roads and trains and ports and airports now look like, recognize that it makes no sense for us to have a first-class economy but second-class infrastructure."
Here & Now's Jeremy Hobson talks to David Kelly, chief global strategist for JP Morgan Funds, about what kind of transportation projects the country needs, and how federal spending on infrastructure would affect the economy.
- David Kelly, chief global strategist and head of the Global Market Insights Strategy Team for J.P. Morgan Funds.
This segment aired on December 5, 2014.