The labor market still under strain?

With the economy barely staggering along one would have hoped that things would at least look a little bit brighter in the labor market but that does not seem to be the case as the number of jobless has not decreased as per the expectations of the markets.

In reality, one can say that the labor market is stagnating and that is not good news, which ever way you swing it. All that it indicates is that the companies in general do not want to over spread themselves and that they are all bracing for more bad news. One can counter that by saying that corporate america is being pessimistic but then again none of us can really agree as to whether a glass is half full or half empty. Lets hope that the labor market shows some signs of revival soon!