“Rays of hope” in the stock market notwithstanding, the U.S. economy is still in a deep, deep funk, at least from the point of view of the average citizen who may have lost a job, lost hours on a job or seen his pay cut.
My financial advisors tell me that employment is a “lagging indicator” when it comes to gauging the health of the economy. I suppose this explains why federal officials think that unemployment will remain at current high levels for some years to come. So don’t look for job growth any time soon (isn’t that what the stimulus package was supposed to do?).
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