Nothing To Do, Nowhere To Go 0
Back over 400K.
A reduction in firings by U.S. firms is needed to keep unemployment going down. Bigger job gains are needed to boost consumer spending, which accounts for 70 percent of the world’s largest economy.
Two thoughts:
- There will be no increase in consumer spending until the number of consumers who have something to spend increases significantly. The DOW doesn’t spend.
- The unnamed experts forecasting the figures should maybe read the racing form before placing their bets.
