As the economy recovers workers who left the labor

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Unformatted text preview: rs, workers who left the labor force will begin to return, and the number of unemployed looking for work will rise. Therefore, high unemployment will remain even as employers increase their workforce. Virtually every state is expected to continue employment growth in 2012. The unemployment rate will slowly improve to just under 9% in 2012, with full employment still a few years out. Vehicle sales will round out 2011 at 12.6 million, climbing another 5.5% in 2012, to 13.3 million. This vast improvement will still be well below the 16-17 million units sold annually between 2004 and 2007. Construction will improve marginally in 2012 as 680,000 homes will be started, a trickle compared to 2.1 million in 2005. Given slow job growth, a tighter lending environment, and changing demographics, it will likely be many more years, if ever, before the United States returns to the long-term average of 1.5 million units. While households have improved their debt ratios, consumers have demonstrated a return to the market. Retail sales will cont...
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This note was uploaded on 02/11/2013 for the course MGMT 231 taught by Professor Yu during the Spring '13 term at Bauder.

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