We’re coming back. We aren’t out of the proverbial woods, but we should be on the upswing from the long downturn. According the Labor Department, the U.S. economy added 103,000 jobs in December, bringing the unemployment rate down to 9.4 percent. Jobs are traditionally a lagging indicator, so even better. Most importantly, this was not a one-time event. October and November each showed upticks in employment, and the revisions announced at the same time as the December numbers paint a story of improving jobs growth through the fourth quarter.
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The New Wrinkles
Posted by: Denis Pombriant January 12, 2011 05:00 AMWe’re coming back. We aren’t out of the proverbial woods, but we should be on the upswing from the long downturn. According the Labor Department, the U.S. economy added 103,000 jobs in December, bringing the unemployment rate down to 9.4 percent. Jobs are traditionally a lagging indicator, so even better. Most importantly, this was not a one-time event. October and November each showed upticks in employment, and the revisions announced at the same time as the December numbers paint a story of improving jobs growth through the fourth quarter.