Is the Fed Creating a New Bubble to Turn the Economy Around?
For many Americans, the past half decade were miserable years, and 2011 has not been going well at all. The corporations they work for had gone through several rounds of layoffs, a significant drop in business, and a number have filed for bankruptcy or been taken over by the government or bought out. Not only have merit raises not been given, many employees have been offered a pay decrease in lieu of being laid off.
The sentiment is that, “at least I still have a job.” However, many peoples’ jobs often do not pay all of their bills, or give them the opportunity for any type of career advancement. It leaves millions wondering how they can secure a better paying positions in today’s terrible employment market. The great news is that it seems like the labor market may be giving signs of life in the future.
The government has been printing money like there’s no tomorrow, and the stock market may finally be turning around. Although this could well possibly be a manipulated recovery and the beginning of a new bubble, it will be wise to keep an eye out for any new job openings. Employers will finally start hiring again, especially as local and state governments have been eliminating public sector workers.