Bushonomics: The Hangover 0
January reports coming in this week, and those folks who got seasonal (Christmas) jobs in retail, package delivery, and things like that there don’t have them any more:
The Labor Department will report on the January employment report on Friday, the cap of another busy week for economic data, most of which are expected to be gloomy, if not doomy.
The data calendar includes January purchasing-managers surveys from the Institute for Supply Management; January auto sales; December data on consumer spending, consumer credit, factory orders and construction spending; and the latest weekly figures on jobless claims. The Federal Reserve is also likely to report on its quarterly survey of lending conditions at banks.
The news is expected to be universally grim. The jobs report is the big one, however.
