Wednesday, March 27, 2013

Another hopeful sign

The labor market is still mired deep in the Great Recession, but we are starting to see some signs of hope.  Housing is taking off in some parts of the country.  Today's WSJ reports that businesses are increasing capital investment in the first quarter.  This is a good sign for two reasons: (1) more private sector spending of any kind means more job opportunities and (2) it signals that businesses are becoming more confident that a real recovery is around the corner.  Let's keep our fingers crossed. 

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