The U.S. lost fewer jobs than forecast in May, reinforcing signs that the deepest recession in half a century is starting to abate.

Source: Bloomberg  News

Date: 6/05/2009

Keys: Economy, business cycle, economic indicators, employment

Link: http://www.bloomberg.com/apps/news?pid=20601103&sid=aSRonN0872Wg&refer=news

Questions for discussion:

• The economic indicators suggest that the recession is ending. Which businesses do you think will likely be first to re-hire employees as the economy begins to recover? Explain your answer.
• What you do think the employment prospects are likely to be in the auto and construction industries – two hard hit and large employers in the economy? Explain your thinking.