US Economy Rising Again
March 19th, 2011 | 
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United States economy seems to be recovering. This is evident from the many new job creation in the country. For example, in March 2010, the number of new workers who absorbed the company reached record highs in three years or since March 2007.
U.S. Labor Department data released on Friday (3/4/2010) local time indicated, the amount of new employment in non-agricultural companies in March increased by 162,000 workers. Picture of labor market conditions in the country Uwak Sam increasingly brighter as the number of new part-time workers was also added 40,900 people in the same period, a rise of 18 percent since September 2009.
Weekly working days on average also increased from 33.9 hours in February to 34 hours a month in March. On the other hand, the rate of unemployment lasted three months in a row at the level of 9.7 percent.
However, economists are not sure that enough data to give a signal that economic recovery was strong enough and the government can attract stimulusnya policy. “The report seems to indicate there is a sustainable job creation, but it still takes time to lower the unemployment rate,” said Nigel Gault, Global Insight Chief Economist, Sunday (4/4/2010).
Gault emphasized, the growth of the labor necessary to keep the economy running. Especially if the U.S. government pulled the stimulus that had made during the crisis.
Nevertheless, the increasing number of U.S. workers have started to provide fresh air to the exchange rate and investment instruments in the U.S.. U.S. dollar in trading late last week touched its highest level in seven months.
In today’s trading, analysts predict, the stock index on Wall Street also will be speeding. Apart from the influence of positive U.S. economic data, analysts believe, the performance of U.S. companies in the quarter-I will be positive. At the end of last week, the Dow Jones Industrial Average (DJIA) rose 0.65 percent to 10,927.
The government is more confident
If economists have not dared to say much, look more confident the U.S. Government. Head of the Business Cycle Committee of the National Bureau of Economic Research’s (NBERs) Robert Hall believes, employment data in March and gave a very clear indication that the economic contraction has ended. “Everything looks better now. I felt, increase worker forwards the data in the U.S. can continue,” he said.
NBERs Committee, said Hall, waiting for the right time to issue any official statement about the U.S. economic contraction ends. In its website, NBERs reveal, the time needed to draw conclusions that are usually between 6 months and 18 months. “The committee would be very careful,” added Hall.
Some institutions more daring to make a statement that the U.S. economy has recovered. For example, the National Association of Business Economics and declared that the U.S. recession had ended in October 2009. While the Federal Reserve or the Fed’s leadership of Ben S. Bernanke said, the contraction seems to have really ended September last year.
“Actually, personally, I dare say, the recession was already over,” said panel member who is also NBERs Harvard University professor Jeffrey Frankel. He had convinced the U.S. economic recession ended in mid-year 2009. It was just a growing industrial production data.(source:kompas)
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