Finally – Good News on Jobs

October 27, 2009 at 4:31 pm Leave a comment

showimageWe are finally getting good news on the employment front.  As you can see from the chart, new jobless claims have been declining for the last seven weeks.   According to this CNN Money article, for the first time since the recession began in 2007, more employers are planning to add jobs in the next six months, compared to the ones planning to eliminate them.

We have already seen other signs of recovery in industrial production and housing, but not yet in employment.  So this development is very significant.

Entry filed under: Miscellaneous.

Green Light Ahead Again? Good News Continues, but Market Stalls

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Leon Shirman's long-term investment philosophy is summarized in his book, “42 Rules for Sensible Investing”, also available from Amazon.

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