If indeed true, this would be good news. On the ground, I certainly see some of the best movement in a long time in terms of spending, though that's in Europe. Another blow to the economy could drastically change all of this but as it stands today, next year could look a little bit better.
While signs have pointed to the end of the recession, joblessness remains rampant. The national unemployment rate jumped to 10.2 percent in October, the highest in 26 years. About 9 million people currently receive unemployment benefits.
The November outlook by the National Association for Business Economics, which is set to be released Monday, shows economists expect net employment losses to bottom out in the first quarter of next year. Employers are seen starting to add to their payrolls after that.
