Global Macro: Back to Fundamentals
The unemployment rate has slowly fallen since the peak of the financial crisis in early 2009. Many point to people leaving the labor force. While some people are retiring, many are just discouraged. Many workers have given up looking for a job because of the lack of prospects.
The participation rate resides near decade lows, and a considerable improvement is a must. More workers in the job market will cause the unemployment rate to increase, but the real statistic to look at is job growth and an improving employment picture.
As more jobs are created, consumers will bring back growth to the tepid economy.
At the time of publication the author had no position in any of the stocks mentioned. Follow @AndrewSachais This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.
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