Before we all start getting too excited about job creation, remember that a heck of a lot of jobs being "created" right now are for the U.S. Census Bureau, and will only last through July.
I personally believe corporations are growing accustomed to the lesser amount of work staff still handling their workload while being paid overtime. These companies also have substantial cash on the side which they like very much and only helps the stock prices of these same entities.
This job recovery will be lethargic due to companies having gone through the mill and back during these last two painful years.
This will not be the usual recession ending, unemployement dropping, economy when things turn around. Unfortunately. I truly hope I am dead wrong about this. However, this is what I am seeing.
The DJIA's recovery has been based not on a turn around, but on the health of companies balance sheets and earnings reports. When a company has thinned it's staff out so much and rid itself of backed inventory, it is only natural that profits will resume if they are garnering at least the same amount of business. In other words, these companies kept subtracting their losses until there was profit.
