Work is abundant. Profits are growing. People are moving from welfare to work. The unemployment rate is remarkably low, below what many thought was possible just a few years ago. Real family income has begun to rise again.
Inflation seems to be held at bay.
These certainly are very good times. But the big picture can mask the growing gap between rich and poor. Economic growth can sometimes distribute economic benefits inequitably. Some new jobs offer meager wages and few benefits. A first economy finds many people prospering in this new information age and global marketplace.