Like a lot of people, I’m sure you’ve wondered what shape the recovery will take. There was a glimmer of good news this morning with the slight drop in unemployment for the month of November; however, there are still 15.4 million people out of work.
A key question: how long might it be before we return to full employment? (Full employment is defined as the employment rate minus cyclical fluctuations in unemployment – it was roughly 5% before the recession.)
I came across a recent article on that topic that I found interesting. It was authored by Mike Shedlock, a registered investment advisor for SitkaPacific Capital Management.
Analyzing historical growth trends, previous recessions and the current situation, Shedlock extrapolates to arrive at predictions for the next decade.
Warning: it isn’t pretty. But I recommend you read it. Whether or not you agree with the projections, review the charts. That’s real data from which you can base your own conclusions.
Be informed. It’ll help you chart the best possible career course.
You’ll find it here: http://bit.ly/6gPwza
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