Recession Slowing?

A key survey from The National Association of Business Economics shows that the nation’s economy remained weak in the first quarter, but it also hinted that the decline is slowing.

Among the survey’s bright spots were less severe declines in industry demand and capital spending.

Employment also remained depressed in the first quarter. The survey found that 39% of firms cut payrolls, while only 14% added workers. But the outlook for jobs in the near future is slightly better: 33% of companies plan to reduce payrolls over the next six months, while 16% plan to increase employment.

How do reports like this affect your confidence in the economy? Do you feel that the economy has bottomed out and is ready to make a turn for the better?

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