The downfall: Job creation is still missing. The economy is looking up but employers are not hiring very freely. The economy added 39,000 jobs in November. That is not enough to stabilize the unemployment rate and it will stay up at 9% because of the real estate industry. Job creation is the biggest factor that drives the economy...yet it is still weak.
Monday, December 6, 2010
Yes, the economy is making steady gains but...
Factories are busier. Incomes are rising. Autos are rising. The holiday season is the best in four years and stock prices are also rising.
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Unemployment does remain to be a very big issue. Though, i believe its only a matter of time before the economy starts producing jobs. Seeing the improvement in the markets maybe enough to prompt firms to start hiring more employees.
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