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This article highlights some statistics and facts showing the American recovery from the "Great Recession." Michael Santoli says the American workers are "beginning to swagger again." Despite the relatively high unemployment rate, there are a sundry of positive outlooks. Americans are feeling better and gaining confidence as housing is recovering, car sales are booming, and high exports are building further economic confidence. The article explains why Americans are feeling better about the economy. Here are some statistics and facts from the article.
- The number of people filing for unemployment benefits last week (article written April 26th) fell to the second lowest level since 2008
- In 2013, American workers will make more than 15 million new cars for the second straight year, returning auto production to its highest level since 2006.
- U.S. exports of goods and services last year reached a new high of almost $2.2 trillion last year, up 39% from 2009
- Before long, American labor will nearly eliminate China’s manufacturing-cost advantage by growing ever more productive and exploiting domestic energy and transportation resources. In a report titled “Made in America, Again,” researchers at the Boston Consulting Group determined that, by 2015, it will be just as economical to manufacture many goods destined for American consumers in the U.S. as producing them in China and shipping them here
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