# Nobel Laureate Prof. Michael Spence's research on US job growth is featured

1 Faculty News April 10, 2012>

Excerpt from [The Economist](http://www.economist.com/blogs/freeexchange/2012/04/americas-economy-1) -- "Between 1990 and 2008, the \[[Spence](http://www.stern.nyu.edu/faculty/bio/a-michael-spence) and co-author\] say, value added rose most in America's tradable sectors. Virtually all of the net employment growth, by contrast, occurred in non-tradable sectors."

[Read more](http://www.economist.com/blogs/freeexchange/2012/04/americas-economy-1)

Additional coverage appeared in [The Atlantic](http://www.theatlantic.com/business/archive/2012/04/america-fast-and-slow-how-efficiency-is-making-and-unmaking-the-economy/255700/) and [National Review Online](http://www.nationalreview.com/agenda/295732/what-did-david-brooks-actually-say-about-two-economies-reihan-salam).