Sunday, September 5, 2010

Growth in Jobs, Beats Concerns

In this article it is said that our economy has possibly avoided a double dip recession and the private sector has added 67,000 jobs in August, with some of the strongest in health care, food service, and temporary help. On the other hand there was an overall loss of 54,000 jobs. With indicators showing a gradual increase in consumer confidence and a growth of employment in manufacturing could be signs of the economy moving out of the recession. The Federal Reserve is said to continue providing help if the economy is still showing a stagnant recovery. Overall I think the economy will not have a double dip recession, however it will take time to recover. As mentioned in the article it took awhile to create the problems which caused the current recession and experts fear it will take a while to repair the damage. Do you agree with the prediction that we will not have a double dip recession? why or why not?

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