The View From Your Recession, Ctd

Nov 23 2009 @ 10:52am

A reader writes:

Your reader wrote:

I think the question has to be asked now, concerning unemployment:  If our economy is in "recovery," then what is preventing companies from actually hiring people?  I hate saying this, but this is feeling like another "Mission Accomplished" to people, especially me.

While I certainly understand the aggravation, I'm not sure I've seen a single individual suggest that the job market was going to rebound quickly. In fact, basically everyone (from the administration on down) has explicitly argued that the recovery was going to be slow, particularly in the job market. So, it is a bit unfair to reference "Mission Accomplished" along these lines. The economy appears to be recovering, and jobs will eventually come as well, but the latter is not necessarily an indicator that the former is a faulty belief.