Tuesday, April 9, 2013

The U.S. economy: What’s come back, and what hasn’t

Many of the U.S. economy’s vital signs have recovered from the damage done by the Great Recession.

The economy is not back to full health, with unemployment at 7.6 percent and with 3 million fewer jobs than when the recession began. And although the housing market is improving, that engine of economic growth and job creation still has far to go before it can be declared healthy.

After five painful years, it’s nearly back to where it started when the recession began. What’s different now is that the trends are much healthier.

What’s back:
  • Household wealth
  • Retail sales
  • Layoffs
  • Foreclosures
  • Stock market
  • GDP (Gross Domestic Product)
 What’s not back:
  • Total jobs
  • Unemployment rate
  • Housing
  • Auto sales
  • Industrial output
Get more detail here: Salt Lake Tribune

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