Six Years After the Great Recession, America’s Economy Has Regained All Jobs Lost

Published: Jul 1, 2014

Photo credit: jurvetson / Foter / Creative Commons Attribution 2.0 Generic (CC BY 2.0)

According to the National Credit Union Administration (NCUA), USA is finally back on its feet after the Great recession. For the first time in six years, the specialists say, the job market is back on track and the economy is slowly recovering.
The studies show that the labor market has given employment to over 210,000 people per month this year. Last year the number was 194,000. To top it all off, unemployment rates are also continuously going down in 2014. Auto sales are also on the rise, which is important channel for credit union lending.

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Victor Lance is the founder and president of Lance Surety Bond Associates, Inc. He began his career as an officer in the U.S. Marine Corps, serving two combat tours. As president of Lance Surety, he now focuses on educating and assisting small businesses throughout the country with various license and bond requirements. Victor graduated from Villanova University with a degree in Business Administration and holds a Masters in Business Administration (MBA) from the University of Michigan's Ross School of Business.