Biz Watch

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The economy's up, but where are the jobs?

You Call This a Recovery?
If there were a market for optimistic economic data, last week it would have been a raging bull. Annualized growth for the third quarter soared to an astronomical 7.2% in the U.S. — the highest since 1984 — with consumers and businesses exploiting tax cuts and low interest rates. And Germany's stock rose as business confidence hit its highest level since early 2001. With France's corporate confidence index up for the fourth straight month, are these the good times? Not quite. Increased demand isn't yet generating jobs.

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