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There are reports and judgments being made about the recovery and growth pattern of the American economy. But the experience and economic theory suggests that a return to growth at least as far as short term is considered would not be accompanied by an increase in employment.
Now that means that there might be growth patterns starting to take place at certain levels but then that would not show an increase in the employment level of the population. According to the economic theories the labour demand can be affected by the economic downturn in the following ways:
When there is a downturn, employment rates falls
Companies also start stop investing in new technologies
After the innovation cycle, new discoveries continue to be made.
Thus, when demand recovers, surviving companies have the option to buy the latest technology
Those who are able to react quickly are able to increase productivity.
Companies thus can increase production by investing in new technologies, rather than hiring new people.
Now, the problem is that even though the economy starts showing some signs of recovery, there would be a long time when people will get back to job and people would get back to good jobs and would be in a position to pay off their debts. The mortgage market will again have to look out for other tools like loan modifications to recover the debts rather than expecting that people would be in a position to pay off their debts so very early.

For more on this, visit us at loan modification leads