Perspective: Economic Analysis Review - April 2012

We have seen some improvement in U.S. economic indicators since the beginning of 2012. For example, the U.S. labour market has picked up, with the creation of 200,000 jobs in each of the first two months of the year. The jobless rate has declined, but is still above 8%. Despite this upturn, it is a bit too early to claim a victory. We should curb our enthusiasm; the U.S. economy has seen many false starts in the past.