We have some conflicting economic news in the U.S. So much so, I’m wondering if these articles are about the same country.
First, let’s discuss the supposed good news. Consumer spending is up!!! We’ve recently been inundated with such headlines……
Here are some quotes from these articles….
Consumer spending probably increased in February by the most in five months as incomes rebounded, providing a kick for the U.S. economy at the start of the year, economists project a report to show this week.
The sales outlook is encouraging businesses to expand and add workers. U.S. Department of Labor data released on March 8 showed that employers added 236,000 jobs last month after a 119,000 gain in January, and unemployment fell to 7.7 percent, a four-year low. Together with a gain in average hourly earnings and a longer workweek, the latest figures bode well for consumer spending.
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