Average weekly hours worked are slowing down in a worrisome way (click on the chart to enlarge. The slowdown reflects continued weakness in the economy.
One of the main ideas behind this blog is to monitor the behavior of the business cycle and determine its impact on the financial markets.
This information is another element suggesting the Fed will stay on hold.
This is good news for the financial markets.
More on http://www.peterdag.com/
George Dagnino, PhD
Editor, The Peter Dag Portfolio on http://www.peterdag.com/
Since 1977
1 comment:
My favorite economist.. James Paulsen, (Wells Fargo) has just posted his May, 2007 report at:
https://www.wellsfargo.com/com/research/investments/
Any thougths?
Jim
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