The economy seemed to be headed in the right direction before the Japanese earthquake and an increase in food and energy prices. Between the Japanes earthquake, the Mideast and Africa conflict and Portugal's debt, global unrest has increased and it usually has something to do with oil. What seems to matter most is how consumers react to the unrest. The labor market is the only part of the economy showing signs of improvement. If people continue to spend because they feel their income has stabalized somewhat, the economy will continue to improve.
I think it's interesting that economy rests so heavily on not so much what has happened globabally, but how people react to conflict. As the article stated at the the end that it's a bit of a chicken-and-egg problem, meaning the job market is improving because people are spending and people are spending because they feel more confident about their paycheck. Businesses keep hiring because the consumers are still coming through the door to buy so hopefully the labor market will continue to improve.
http://www.msnbc.msn.com/id/42296065/ns/business-eye_on_the_economy/
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