The United States is in the middle stage of the economic cycle… While the U.S. economy has grown over time, the growth has not been in a straight line. The variations in the pace of growth around the long-term trend are called economic cycles. Economic cycles have four distinct stages: recession, early (recovery), middle (mature), and late (aging).
Chosen excerpts by Job Market Monitor. Read the whole story at LPL Financial Research Mid-Year Outlook2014: Investor’s Almanac Field Note