This report shows context and provides data and graph from The Labour Department (via Bloomberg) and The Conference Board. While the report says the American economy is growing, at the same time it said that the total number of Americans on benefit rolls rose to 9.6 million in the week ended Jan 1 from 9.2 million the previous week. However the report quoting the National Association of Realtors said in the housing market, the sale of existing homes rose 12.3 percent in December.
As with any economic news lately, it is hard to know what is really going on. There always good news with scattered amounts of slow growth. It is time for economists to state the obvious and that unemployment will continue at their high levels for 2 - 3 years.
The evidence used in this article does not exactly convince one that the job market is steadily improving. The author acknowledges this, and essentially presents different versions of the same figures over and over. While it may be a simple rehashing of recently released statistics, the article is structured awkwardly. The housing market is mentioned early, then disappears, and then reappears without the aid of a transition.