The main problem with the job market is the lack of hiring by private employers. Above all, they aren’t sure what the future will bring.
Financial crises have long hangovers, and this one is no exception. Home sales and car sales remain depressed, nowhere near their earlier peaks, even though the population has continued growing. Europe still has the potential to upset global financial markets. If Congress doesn’t act on the debt ceiling soon, so does the United States.
Read Full Article »