Recovery - Not yet!

[mossbacked]

Originally Posted by whell

It was posted elsewhere on the forum that those evil business who are sitting on their cash troves are now starting to hire in droves. Evidence of that, if any, has failed to register in the employment market. Still waiting for the impact of all that "stimulus" that was supposed to keep unemployment from rising above 8%...way back in 2009.

http://www.bloomberg.com/news/2011-0...s-to-9-4-.html

"Employers in the U.S. added fewer jobs than forecast in December and the unemployment rate dropped, partly reflecting a shrinking workforce, a sign the labor-market recovery will take time to develop."

"The jobless rate fell to 9.4 percent, the lowest level since May 2009."

The stats also fail to mention seasonal Christmas hiring that always happens this time of year no matter what.