Posts tagged with “recovery”

Experts say there are some signs of economic recovery starting to peek through the clouds here and there -- a few hints that things are starting to get better finally instead of worse. But what does that mean for the nation's record high 10.2% unemployment rate? How long will that take to get better?

According to this article it could be well into 2015 or beyond before some states (Michigan, Ohio, and Connecticut) get back to their pre-recession employment statuses, and for most others predictions for total recovery land somewhere in the 2013 range. So although it's great news that things might finally be on an upswing don't expect things to change overnight -- there's a lot of struggling left to do.

How does your state stack up? Do you think the numbers make sense for your area? Check the map and let us know.

According to an article published recently in USA Today one of the latest economic surveys reports statistics that are actually good. For the first time since the recession began more companies say they're planning to hire people over the next 6 months versus cutting them. The difference is small, 24% predicting growth versus 20% still predicting cuts, but at this point I think we're all happy to take what we can get. The industries that are seeing the most positive growth are service related, while those still suffering are mostly in the manufacturing realm.

Recovery might be slow, but slow and moving is forward is a hell of a lot better than standing still or sliding backwards.

Via BloggingStocks