This recovery is starting to show some muscle. At least on paper.
The unemployment rate is falling at an yearly pace last seen in 1997!
Of course, there is a base effect, given the fact that it reached 10% in 2009. But, still, the tendency looks promising.
2 comments:
I agree the recovery looks promising.
There is also a long term impact on the high unemployment rate, almost 20% of children in America are living in poverty.
The economy needs to have jobs growing at this rate for awhile for a recovery to be certain.
Intrinsic Value: Unemployment and Children poverty relationship
The rate of children living in poverty as well as its trend are indeed troublesome.
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