Analysis: U.S. economy is going great -- except for 9.8% unemployment

12/15/2010 | Economist (free content), The · Reuters

A trickle of good economic news has turned into a torrent and things are wonderful, except for the 6 million people who have been out of work for more than six months, according to The Economist. The labor market is the wild card in the recovery, and 9.8% unemployment might be the reason the Federal Reserve isn't moving to withdraw stimulus. "The Fed wants markets to bet on recovery, and since August it has done a pretty decent job convincing them they should," the magazine notes. "But whether [that] can continue without a substantial improvement in jobs figures in the very near future is far from clear."

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Economist (free content), The · Reuters

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