Don’t say it to loudly or you’ll spook it away, but an economic recovery may be on the horizon.

According to the Bureau of Labor Statistics unemployment fell to 8.3% and January saw the addition of 243,000 jobs in the U.S.

Unemployment has declined by .8% since August indicating a slow but steady recovery in the job market. Don’t break out the champagne yet because a definitive end to the nation’s financial woes is not clearly in sight.

But if this trend continues, then by election time in November, unemployment could be in the 7% range, the first time since the recession hit.

Of course, that is a big “IF”…