While the unemployment rate has continued to remain under 10%, the chart below shows that this is still one '''tough''' job market
.
.If the recovery is to be led by consumer consumption, then this chart must begin trending downwards!
.
Continuing stress in the housing and job market coupled with an increase in the savings rate and lacklustre credit offtake further reinforces David Rosenberg's stand that ''frugality is here to stay''
No comments:
Post a Comment