This is only my humble opinion. I've said this before and I'll say it again....you can pump all the money you want to into our economy but until people go back to work it ain't improving and it ain't stailized. GO VIKINGS!!!
Well, everybody is entitled to their opinion.
Economy is making steady gains despite unemployment
By Paul Wiseman, AP Economics Writer
WASHINGTON — The economy is starting to fire on almost every cylinder these days but the one that matters most: job creation.
Factories are busier. Incomes are rising. Autos are selling. The holiday shopping season is shaping up as the best in four years. Stock prices are surging.
forecasts for the economy's growth. Goldman Sachs, for instance, just revised its gloomy prediction of a 2% increase in gross domestic product in 2011 to 2.7% and forecast 3.6% growth for 2012.
"The upward momentum has more traction this time," says James O'Sullivan, chief economist at MF Global.
If only every major pillar of the economy were faring so well.
Despite weeks of brighter economic news, employers still aren't hiring freely. The economy added a net total of just 39,000 jobs in November, the government said Friday.
That's far too few even to stabilize the unemployment rate, which rose from 9.6% in October to 9.8% last month. Unemployment is widely expected to stay above 9% through next year, in part because of the still-depressed real estate industry.
Job creation ultimately drives the economy, and it remains the most significant weak link.
The meager job gains for November confounded economists. They'd expected net job growth to reach 145,000 and for the unemployment rate to stay at 9.6%.
Some economists dismissed the November data as a technical fluke, a result of the government's difficulty in adjusting the figures for seasonal factors. They think the number will be revised up later.The full article is pretty interesinghttp://www.usatoday.com/money/economy/2010-12-06-economy-jobs_N.htm