Thursday, March 20, 2014

Soft patch in production may be over, but beware outright losses in employment in coming months

 - by New Deal democrat

I have a new post up at

While the important February data all looks positive so far, the 1% decline in real retail sales caused in part by the cutoff of extended unemployment benefits is likely to feed through into employment in the next few months, and may include significant outright monthly declines.