The Jobs Recovery Could Be Much Stronger Than Most Expect
A Fidelity economist makes the case for rising investments and a "job-full" recovery! Lisa Emsbo-Matinglly, Director of Economic Analysis argues that while a jobless recovery followed the dot com bust, that dowturn came after a long cycle of large investments in technology and other capital investments. By contrast, while there has been a great deal of investment in reall estate, most companies have underinvested in technology in recent years. At the same time, companies have held back on hiring. The result is heavy use of temps and exploding productivity. Those numbers, she says must evenutally result in strong business hiring, although it could take some time. Take a look at her comments revealing this great silver lining in the cloud here.
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