Two of the most frustrating aspects over the last few years have been the anemic level of economic growth and the below optimal amount of job creation.
Even though the stock market is hitting all-time highs, millions of people do not feel wealthier because of the uncertainty regarding job creation. Even for those who might have a job, because the employment market is so fragile, many people are afraid of losing their positions, knowing that there are millions of others who are gladly willing to take their places.
Recent data regarding the true level of economic growth remain mixed. While there are some signs of a possible improvement, conversely, there is just as much information throwing doubts about the future levels of economic growth and job creation.
Recently, the Institute for Supply Management (ISM) released its national Purchasing Managers' Index (PMI) for May 2013, which came in at 49%.
Continue Reading: Economic Growth Setting Up To Disappoint Investors?