Sunday, December 13, 2009
For the market to continue to rally it needs to see JOBS created, not just the decrease in jobs lost.
On ABC's "This Week", the President’s top economic advisor, Larry Summers, told George Stephanopoulos that “by spring employment growth will start turning positive.” >> See Video
This release was reissued on Friday, December 11, 2009 from the U.S. Bureau of Labor Statistics: Total employment is projected to increase by 15.3 million, or 10.1 percent, during the 2008-18 period. >>Read Report
In this chart for the last 42 years I've compared the Unemployment rate as well as those unemployed 27 weeks or more, against the Capacity Utilization, If market demand grows, capacity utilization will rise.
*click chart to expand
Former Fed Chairman, Alan Greenspan comments on "Meet the Press".