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Doubts Arise About the Economy’s Momentum
The economic growth momentum in the second quarter is matched by slowing employment growth.
June 1, 2012
Lousy Jobs Numbers Raise Specter of New Recession
But as that momentum has died consumer sentiment is almost certain to decline, which means less spending on items beyond the necessities of groceries, gasoline and shelter.
Source Data:
St. Louis Fed: All Employees: Total nonfarm
2 comments:
Just made this for the CR crowd
http://i.imgur.com/m8vfq.png
blue is 1965-1985 PAYEMS
red is 1992-2012
Troy,
Could you send a copy to Jeremy Siegel? Perhaps he'd rethink the value of extrapolating 200+ years of economic history well into the distant future, lol. Sigh.
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