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Written by Users Idea
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Tuesday, 03 November 2009 |
The figures released by the Labor Department suggested that the jobless claims have indeed dipped from 674,000 to 400,000. Of course, such data suggest that companies have stopped firing their workers, nonetheless, which signifies that the economy is indeed recovering. On the other hand, it also seems that consumers are spending more these days, which might suggest that Americans are more comfortable with the economic situation now, as compared to the previous year.
Personally, I believe that the American economy is indeed recovering slowly, but surely. And judging by the fact that consumers are spending more now, this can also be translated to more sales for American companies, which also means that companies are less likely to fire their workers as well.
Do you think that the economy is recovering?
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