Unemployment Rate at 7.2%

U.S. employers slashed payrolls by 524,000 in December, driving the unemployment rate to its highest level in almost 16 years, a government report showed on Friday, suggesting that the year-long recession was deepening.  

Read CNBC report

"Suggesting that the year-long recession was deepening."  I'd like to know who did not think it was deepening before it gets better.

When the unemployment rate starts to ease and the news of recovery hits the wires it will be late in a equity up-cycle.  You won't need to be told that the economy is getting better.