Yesterday, on this blog, I pointed to some surprising labor statitics that might be showing economic recovery is closer than we think. In my column published today, I point out that
the fact that the country’s unemployment rate hit 9.5 percent in June might be a sign that economic recovery is on the way. This is surely hard to see for the millions of Americans looking for work. But despite claims that the economy is in worse shape than expected, a look at labor statistics shows there are several indicators that the recession may be ending.
Reason’s coverage of the economic and financial crisis here.