Switzerland and Singapore lead the way in economic competitiveness, according to a global index that finds notable improvements in India and Panama. World Economic Forum hide caption

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World Economic Forum

Job seekers wait to speak with representatives during a Choice Career Fair this summer in Los Angeles. Patrick T. Fallon/Bloomberg via Getty Images hide caption

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Patrick T. Fallon/Bloomberg via Getty Images

Claudia Caballero, a district manager for Aldi, talks with applicant Manoushka Metellus (right) at a job fair in Florida earlier this month. With a low unemployment rate, consumers are still spending but business inventories fell during the second quarter. Lynne Sladky/AP hide caption

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Lynne Sladky/AP

Federal Reserve policymakers left rates unchanged, saying they were worried about job growth and did not want higher rates to affect hiring. Karen Bleier/AFP/Getty Images hide caption

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Karen Bleier/AFP/Getty Images

George Soros, founder and chairman of Soros Fund Management, speaks during the 2011 forum "Charting A New Growth Path for the Euro Zone" in Washington, D.C. Soros now appears concerned that the global economy's path looks shaky. Manuel Balce Ceneta/AP hide caption

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Manuel Balce Ceneta/AP

Factories have been closing in southwest Ohio for years. This Delphi factory in Dayton shut down in 2006. Economists say that to a large degree, the decline in middle incomes reflects the loss of factory jobs. J.D. Pooley/Getty Images hide caption

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J.D. Pooley/Getty Images

Consumers have been benefiting from lower gas prices. Here, prices dip below $2 per gallon at an Exxon station in Woodbridge, Va., on Jan. 5. Saul Loeb/AFP/Getty Images hide caption

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Saul Loeb/AFP/Getty Images

Why Cheap Gas Might Not Be Good For The U.S. Economy

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Pump jacks at the Belridge oil field in California's Kern County. Oil prices are expected to remain low in 2016 and economic growth is projected to pick up slightly, forecasters say. Education Images/UIG via Getty Images hide caption

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Education Images/UIG via Getty Images