The Sky Never Fell

The Sky Never Fell

After months of political posturing, the nation was taken by sequestration. We are roughly 5 months into sequestration and many are seeing little to no effects of the predicted doom’s day cuts.

In fact, according to an article in Forbes, “Economic growth during the first calendar quarter of 2013 was at a 2.5 percent annual rate.  This was above 2012′s full-year growth rate of 2.2 percent.  As for employment, according to the “B” table data in the Employment Situation Reports from the U.S. Department of Labor, the first four months of 2013 have seen nearly 800,000 jobs created.  On an annualized basis, this is a faster job creation rate than 2012.  The weekly report on initial jobless claims has seen numbers move lower rather than up and are at truly non-recessionary levels.  Other reports — such as the Challenger layoff report — indicate the same.”

We hope Congress is taking notes and looking to curb future spending.

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