Is the Fed Creating a New Bubble to Turn the Economy Around?
For many people, 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 some have filed for bankruptcy or been bailed out by the government or bought out. Not only have merit raises not been given, many people have been offered a pay decrease instead of being fired outright.
The feeling is that, “at least I have my job.” Unfortunately, many peoples’ jobs can not pay the bills, or allow for any type of career advancement. It leaves millions wondering how they can find a higher paying positions in today’s terrible employment market. The great news is that it seems like the jobs 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 fabricated recovery and the beginning of a new bubble, it will be wise to keep an eye out for any new job openings. Companies will finally start hiring again, especially since local and state governments have been firing public sector employees.