“Recessionary signals in February personal income and spending, but some bright spots as well”  – by New Deal democrat Personal income and spending are among the most important monthly indicators of all, because they give us a detailed look at consumption by the broad range of American households. And since consumption leads employment, they also […]

March jobs report: leading sectors turn down in a pre-recessionary, but still quite positive, report  – by New Deal democrat Unsurprisingly, my focus on this report, like the last few reports, was on whether residential construction jobs turned negative or not, whether manufacturing and temporary jobs continued on their downward trajectory, and whether the deceleration […]