The Economic Portents for 2011
As the US continues its gradual and yet persistent recovery from the global recession, the New Year heralds the beginnings of fresh hope and expectation for the unemployed citizens in society. Obviously, one of the most documented consequences of economic hardship and turmoil is unemployment, where redundancy and the closure of companies forces individuals from their positions and into an ever competitive job seekers market.
Of course, the issue in an economic recovery is that there is not enough positions to satisfy the increased number of unemployed citizens. This is because companies and organizations often choose to utilize this period as a time for consolidation, and are therefore loathe to expand their enterprise and employ additional bodies. This can lead to a frustrating and ultimately fruitless job search for many, and create a prominent sense of apathy and depression amongst large sections of society.
The Signs Ahead for 2011
Given these accepted economic theories, it is surprising to learn that the indicators are particularly positive for 2011. Although it is expected that the year will still see only a gradual and intermittent improvement in terms of unemployment levels, the same period of time is set to see the creation of between 2 and 3 million jobs within the US economy. This is a natural progression for economic climates afflicted by a recession, as companies emerge from financial hardship and look to expand their companies to previous capacity.
