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Fri. 11/06/09 06:24 PM
Economics 101
Just for the record unemployment is a LAGGING indicator. So it's quite normal for unemployment to peak after the economy starts coming out of a recession. So even if unemployment has risen to to 10.2% there's no need to be all gloom and doom. The rate of job loss as stedily declined. Many CEOs are seeing orders picking up so that will be lead to more hiring down the road. The CEO for Cisco Systems said their foot is off the brake and back on the gas pedal. But they are still being cautious at this point. The stock market pretty much tells the same story.
Otto Krittic, Rochester Hills, MI
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