“The U.S. job market strengthened in the second half of 2011, and added 200,000 jobs in December while the unemployment rate fell to 8.5% from 8.6% a month earlier.” (USA Today)
“Indications are that the nation’s gloomy jobs picture continues to brighten, but experts disagree on two crucial points: the pace of improvement and whether the recent gain in momentum will continue through 2012.” (Washington Post)
Uncertainty bred by intervention continues to take its toll.
Berk: All the "business news" talks about is the politics of unemployment numbers...the assertion is always what does it mean and what more should the government do now.
Hasn't it occurred to the "enlightened" intelligentsia that design interventions and decry "gridlock" that the lack of doing anything since the 2010 elections and the new Congress in 2011 is the reason the outlook is improving?
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