With the start of a new year, we are looking forward to a brighter horizon than in years past. According to the U.S. Department of Commerce, the gross domestic product for 2011 rose at a rate of nearly 2%. Many economists are expecting about the same rate for 2012, avoiding another recession. In 2011, we saw the unemployment rate drop from 9.8% in November 2010 to 8.6% a year later. This trend may mean unemployment dropping below 7% in 2012.
What are you thinking 2012 will bring? Routine, recovery, or recession? Let us know by voting in this month’s poll.
Do you really believe what the government is throwing out for numbers in the unemployment figures? Anyone with a tiny bit of common sense knows that these numbers are from fuzzy math. They do NOT add up or down to 8.5% unemployment.
Have you forgotton the hundreds of thousands of folks who are no longer receiving unemployment and therefore are not even counted as being unemployed? Are you choosing to skip the stories on which large companies are announcing layoffs in order to show this “rosy” picture? These stories don’t even touch the bulk of the small to medium sized firms who have either been laying off employees during these past 3-4 years and/or have closed their doors already.
Let’s start reporting the truth instead of sugar-coating the propaganda this government is feeding the presses.