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.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV