Something is cooking up… It looks like economic recovery is gaining momentum. Economic recovery is depending on the recovery in the job market. Luckily we are seeing some strong evidence that job market is improving. US unemployment rate dropped to near three-year low of 8.5%. Nonfarm payrolls are increased by 200,000 in December according to the Labor Department. Economists were expecting 150,000 gain in nonfarm payrolls.

Right now, 13 million workers are unemployed. It is going to take many more months to recoup all the losses in the job market. However we hope that the current momentum in job market recovery would continue for the next six months provided Europe debt crisis doesn’t get worse.