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  • Editor’s Picks / Yesterday at 12:21 GMT

    Politics obscure the undeniable US recovery

    This economic recovery remains "doubted and unloved" by Americans, writes Bloomberg View columnist Barry Ritholtz. He acknowledges that the recovery is unevenly distributed and has treated some people better than others. But he adds: "The data show the economy is expanding and creating jobs in a manner consistent with recoveries from credit crises (...) maybe not fast enough to lead to a general sense of optimism." But the signs of recovery are undeniable, Ritholtz says, pointing especially to the employment figures. As of last month, no state in the US had an unemployment rate higher than 7% -- the first time that has happened since 2007. Some of the skepticism may be due to the presidential primary campaigning now under way. "The politicization of economics in general, and of this recovery in particular, has now reached the point where we must remind ourselves how much things have improved. It isn't a perfect economic environment, but it's so much better than it was."
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