Economic Recovery on the Up, Job Outlook Still Thin

With stocks on the rise and gaining since March, and bright spots that make recovery seem even more attainable, consumer confidence remains about the same – leaving companies to follow suit, acting prudently and wary of hiring.

In October, 29 states reported a rise in the unemployment rate, and another 13 are above the national rate.

This creates a catch-22, as many believe consumer confidence in the economy will not go up until unemployment goes down, but companies will not confident hiring until spending – which is fueled by consumer confidence – goes up.

Source:

CNN.com: Brighter Signs in the Economy Haven’t Boosted Confidence or Hiring

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