Economic Insights – February 2012

Since mid-2009, we’ve been arguing that the economy was not nearly as bad as most people thought.  The big problem remains anti-business government policies that slow the recovery.  Yet, regardless of how often these arguments are proven right, and how consistently the economy grows, doubt, fear, and disbelief just won’t go away.  Are these perceptions justified by economic realities?  We don’t think so.  Just consider the facts. For instance, private-sector payrolls have grown at an average rate of 160,000 per month over the past year.  And, we anticipate an increase around 180,000 for 2012.  The unemployment rate is down almost a full percentage point from a year ago, while the size of the labor force is up, just as it...

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