Nothing To Do, Nowhere To Go 0
Still over 400k:
Further declines in dismissals followed by gains in hiring would help sustain consumer spending, which accounts for about 70 percent of the economy. While payrolls have been climbing, a jobless rate above 9 percent underscores the need for a pickup in employment that will spur an expansion entering its third year.
As Dick Destiny has repeatedly pointed out, as in this post, trying to prosper on consumption without creation is a fool’s game.
