Written by:
Laiyin Li

Abated Recession. Amplified Hopes?

On Thursday, the release of government figures showed economic growth in the third quarter, with President Barack Obama hailing the report as evidence of an abating recession. The figures presented the nation with signs of a rebounding economy at a 3.5 per cent annual pace, the first improvement in a year.

If this proves to be a broad-based and substantial turnaround for the GDP, most probably resulting in increased investments and consumer spending, then there is a great chance of the job market following suit. Job creation and re-creation will be the crucial step to lowering the unemployment rate which has been a major source of misery for experienced employees, the laid-off of the labor force, and striving senior students alike.

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