Unemployment numbers out for March, recovery on it's way?
Yesterday the BLS issued a very positive report suggesting that unemployment across the board went down to levels we have not seen in a year. Here is a snapshot: Even the number that I always pay attention to, U-6, shaved almost 2% in one year. There is no way to spin this, this is an improvement when viewed alone. If we are primary a consumer driven economy then getting people back to work is the only way to recover true organic growth. So what gives? For a long time many skeptics including myself have been suggesting that we are going to see higher and higher unemployment, stating so even as early as last year. I think there is a very clear explanation and incidentally this is precisely the same explanation that has us staring at $108 oil and soon to be $4 gasoline. The federal reserve has been furiously pumping money into the economy, the same money he was unable to pump in two years ago due to bank's refusals to lend. The money is sloshing around and havin