Is the economy showing

signs of recover or is it

only a temporary

illusion.

It is no secret America is facing an economic hardship to put it lightly.  The elections of 2011 have been said to be based off one factor, the economy.  Republicans won the election by a landslide taking over the House of Representives. Repulicans blamed Democrats for not making enough progress in job creation and unemployment. However, six months later there are strong arugments  that signs that point for and againist a recovery. Depending on who you talk to Republicans or Democrats you will hear the economy is recovering or declining.  Below you will find facts from both arguments.  Take a look below and you decied, is the economy recovering or declining.   

THE ECONOMIC RECOVERY: 

#1  The number of people requesting unemployment benefits is dropping, stocks are surging and American shoppers are spending more.

#2  Most importantly companies are beginning to increase the pace of hiring.

#3  While unemployment still remains too high, the country finally appears to be heading in the right direction.

#4  The Labor Department reported that the unemployment rate fell to 8.9 percent – a nearly two-year low as employers hired in February at the fastest pace in almost a year. (The unemployment rate among Black workers remains unacceptably high at 15.3 percent, down from 15.6 percent in January.)

#5  The private sector led the increase in hiring as state and local governments struggling with budget deficits slashed 30,000 jobs while federal government hiring was flat.

#6   Private employers added 222,000 jobs last month, the most since April.

#7   Most of the expansion in jobs was with factories, professional and business services, education and health care.

#8   Economists believe the positive figures are not a fluke.

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THE ECONOMIC COLLAPSE:

#1 According to Gallup, the U.S. unemployment rate is currently 10.3 percent. When you add in part-time American workers that want full-time employment, that number rises to 20.2 percent.

#2 There are currently more than 4 million Americans that have been unemployed for more than a year.

#3 Gasoline prices in the United States recently hit a 28-month high.

#4 During the 4th quarter of 2010, 4.63 percent of all U.S. home loans were in foreclosure. That matched the all-time high, and it was up significantly from 4.39 percent in the 3rd quarter.

#5 Prior to the most recent economic downturn, there were usually somewhere around four to five million job openings in America. Today there are about 3 million.

#6 When you adjust wages for inflation, middle class workers in the United States make less money today than they did back in 1971.

#7 One out of every seven Americans is now on food stamps.

#8 One out of every six elderly Americans now lives below the federal poverty line.

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