Since the Great Recession began, the American Dream has been a distant memory. It’s still off in the distance, but it’s starting to come into focus. That’s because the US economy is finally accelerating.
Here are the key factors that will drive America’s improvement in 2015:
1. More people are getting jobs.
The job situation has improved dramatically in the past year, with headline unemployment dropping from 7.2% in October 2013 to 5.6% in December. (For some perspective, consider that the current unemployment rate is lower than the long-term average since 1948 of 5.8% and is roughly half the euro zone jobless rate of 11.5%).
Monthly non-farm job creation has been above the 200,000 level for almost a year. And those out of work for 27 weeks or more — what I call the “persistently unemployed” — have fallen as a percentage of overall unemployed, from 35.9% in October 2013 to 31.9% in December 2014. And the quality of employment is starting to improve.
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The above analysis about the Hamburger Recovery comes courtesy of CNN.
David DeGerolamo
A house built on sand…..
how many sheep will buy into this garbage…….
shifting sand for sure.
This is another example to make sure that people enjoy their normalcy bias. Fortunately, many people are waking up. Unfortunately, they are basing their options on fear instead of making rational decisions.
For a moment David, I thought you fell and hit your head. After reading the article, I know you were using it as satire.
I wish it was satire. It is CNN propaganda. My “Hamburger Recovery” comment represents my views.