When the recession hit in December 2007, 7.5 millions Americans were unemployed and the jobless rate stood at 4.9 percent, states Joseph Berge in the NY Times article Summers Predicts Job Growth by Spring.
Lawrence H. Summers, President Obama’s top economic advisor, stated that he believes that the unemployment rate will be at its lowest by the spring.
Mr. Summers said that “everyone aggress the recession is over.”
It is noted in the article that the President plans to spend $50 billion on “repairing the nation’s infrastructure.”
This article is a positive note not just upcoming graduates, as myself, but for the country in general.
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