Global Economic Crisis

There are some small but steady and sure indications that the US economy could be stabilizing. One of the very first indications of this is the labor market. The labor market in the US economy has been a source of great concern, with the unemployment rate hovering in the range of around 9.7% doggedly over the last few months. The US economy has lost as many as 8.4 million jobs since the economic recession broke out, and you will know that this has had a great and negative impact on the economy, if nothing else. If there are indications that the labor market is easing up a bit, you will realize that there is some hope like a silver ling around a cloud. But even so, there is some caution here also as some employers still are wary of adding more payroll numbers.

Another source of hope is the fact that business spending is up, which has led to a growth of 5.9% in the last quarter. This is encouraging that the demand for outputs is increasing, which means that some sort of economic recovery is unfolding, slowly but surely. While it is too early to say that these are great signs, they are certainly good signs of a possible recovery.

Tags: stabilizing, US economy

This entry was posted on Wednesday, March 17th, 2010 at 8:55 am and is filed under Economy. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.