Employment Data Shows Small Improvement

Apparently, many employers were not prepared to lay off workers during the holidays. Whether the spirit of giving prevailed, or whether many companies just needed the extra seasonal help, the fact remains that the latest ADP payrolls data, just released, shows that job loss is slowing. While the unemployment rate remains high, the pace of job losses has been slowing, and there are hopes that things could turn around solidly, with the economy adding jobs overall, by the end of 2010.

The U.S. services sector is also enhancing, and this is providing a great deal of hope, especially when added to the employment data. There are signs that 2010 could mean economic recovery.

However, it is important to remember that economic recovery is still likely to be slow in coming. Even though job losses are slowing, job creation is quite sluggish. And the housing market remains somewhat stagnant as of late. All of this points to the possibility of a double dip recession. Indeed, there has been some difference of opinion with regard to what is to be expected from the economy going forward. It should be an interesting year, either bringing a movement toward economic recovery, or slippage back into recession.

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