Hiring has started and there are a lot of new jobs being created each day. The world is slowly moving out of the recession. The United States job loss data may still have a high percentage of job losses in the country, but it is nothing compared to what it was in the peak of the recession.
The recession has been termed as the world's second biggest economic downturn after the depression many decades ago. Analysts are of the opinion that there is still pain in the economic scenario. The world seems to be moving to a new world economic order with new financial superpowers being created.
The economy is bullish in certain countries like China and India, whereas in many established economies, the growth has become static. The resurgence in the number of new jobs being generated all over the world is heartening to see.
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