There are signs the economy is recovering. Restaurants and malls are busier as evidenced by parking and seating woes. An unsolicited email from a headhunter came last week so job opportunities are picking up.
At the same time foreclosures are up and the national unemployment rate is unchanged. How can we know what’s going on when there’s good AND bad news sometimes on the same day.
A Case Study
The hair salon I patronize is a microcosm of this mixed message. The business was started by two young women three years ago. Not a good time to build a clientele and keep afloat.
A daily deal website brought me there when I changed hair stylists earlier this year. I was often the only customer. The last two times I visited, the place has been hopping! They now have three or four stylists and all seem busy.
This extra activity hasn’t translated into extra business for the esthetician. She couldn’t survive on the work there and leaves soon for a new job at a Massage Envy where they’re expanding into skin care.
It was ironic that on the same visit, one person indicated she’s really busy and the other told me she can’t survive.
For those of us lucky enough to have kept employed throughout the recession, it’s pretty clear. Our retirement accounts are recovering, although not as quick as we’d like, and our home values are stabilizing. The economy is getting better.
But if you’re someone who lost a job, a home, or perhaps even both you are probably still looking for the light at the end of the tunnel.
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