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It’s Labor Day—Meaning We’re Still Working Our Way out of the Recession

Posted on: September 3rd, 2010 by: John Scheibel

The unemployment rate inching back up in Friday’s jobs report might seem like unwelcome news—especially heading into a weekend honoring the hard work of the American labor force.

Sure, it would be nice to break for Labor Day with some really solid economic news. Still, the numbers were actually better than anticipated, thanks to unexpected growth in the private sector.

Economists are expressing cautious optimism. The markets also took the jobs report as good news. Maybe you should, too.

Consider, as well, that yet another month of positive U.S. manufacturing data brought much-needed lift earlier this week. American manufacturers continue to lead the way.



Should be enough to ease worries at least a little for the holiday, right?

Here’s hoping that you enjoy the fruits of your labor this weekend, and that after that, economic momentum picks up the pace.

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