# Prof. Michael Spence on US job growth prospects

1 Faculty News September 8, 2012 ![Council on Foreign Relations blog logo](/sites/default/files/styles/246w/public/assets/images/con_030870.jpg?itok=byjB3w4b)>

Excerpt from [Council of Foreign Relations](http://www.cfr.org/economics/media-conference-call-obamas-speech-job-creation/p25797) -- "I think we have to expand the -- turn the tradable sector into an employment engine again, which it has not been for a while. And that means keeping the healthy parts of it and finding, through a combination of public policy and reforms and investment on the one hand, and private sector investment and dynamism on the other, places where we can invest and compete."

[Read more](http://www.cfr.org/economics/media-conference-call-obamas-speech-job-creation/p25797)