The U.S. is still bleeding jobs which isn’t going to turn things around soon. The deep recession is still here as major employers scramble to take a serious look at their employee numbers.  Four million jobs have been lost and another two million could be gone before this is all over. Employment COULD hit 10%.

Economic growth numbers for Q4 of 2009 went way up. However inventory reductions are still underway by major corporations. The GDP growth number to watch for 2010 is 3.6%, as the “growth baton” will be passed from the government stimulus package. The big question is if the U.S. government plan will stimulate the economy as President Obama and the mostly Democrat U.S. House has said it will. Watch for numbers in March. If numbers are improving the 3.6% growth in GDP could happen. But this would be tough if unemployment gets to 8.5% in March.

The stock market took another hit today as the Dow fell below 10,000. Seems Wall Street wants results instead of words. Go figure!