This has been true for the past few years, but I believe the tide has somewhat turned. Employment is increasing now; I've even made the decision to take a break from school to take advantage of all the new opportunities popping up. Whatever happens, I'll have stocked some money in savings and be better of for it when I'm back in academia.
Good on ya. Be warned, though - the macroeconomists are starting to blow the warning horns. Strong dollar means weak exports and all the foreign-owned REITs are in trouble. The real estate sector is looking soft, too. It won't be 2008, but there's likely a correction coming.
John Mauldin did a pretty good job of describing Quantitative Easing, QE2, QE3 and all the rest before it happened. I'm subscribed to his newsletters, which include three or four thinkers. I also follow David Rosenberg at Gluskin-Scheff. He was chief economist at Merril-Lynch. I tried to post some links, but all the stuff I'm seeing is in password-protected email distribution. Suffice it to say that I haven't paid a dime for anything so it won't hurt ya to sign up.
Thanks! Honestly, I'm anticipating a foreign investment increase supporting the economy. I plan to move in a few months once I've built up savings so I can take advantage of it. Real estate may dip, but urban markets have a lot of growth potential - I know in Boston there has been a lot of foreign investment recently in urban real estate.
Thing about foreign investment - it goes further with a weak dollar. Dollar be strong and getting stronger. You're right about the growth potential - but you're talking long-term and I'm talking near-term. Just keep your eyes open and your powder dry is all.