Bear Mountain Capital Inc.

Unemployment Rate Drops

| February 4, 2011


The drop in the unemployment, despite the slow growth in farm payrolls, is a good sign for the economy. I think it is likely we’ll see this number drop to close to 8% by year-end, but given the structural unemployment issues, extended unemployment benefits and older generations not retiring, these issues create a lot of upward pressure on that number and will take time to drop below 8%.

(Click here to read article)