While the financial, construction and manufacturing sectors might be displaying signs of improvement, the labor market is still struggling.
Companies are beginning to rebuild their inventories and business investment has started to stabilize, but the recovery in the labor market will be slow, according to the Business Review.
"The U.S. has lost almost 7 million jobs in this recession and it’s not clear if we’ve hit bottom yet. We’ve dug such a big hole. It’s going to take years to fill that shortfall," said Joshua Feinman, chief economist for DB Advisors in New York City.
Read the full article at Business Review by clicking here.