The above graphs show the growth in employment and consumer sentiment (click on chart to enlarge). Consumer sentiment and employment are closely related. Consumers are likely to remain cautious as long as we have a weak labor market.
Bottom line. Retail sales will continue to suffer.
More, much more when you read older posts and subscribe to The Peter Dag Portfolio by going to https://www.peterdag.com/.
George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977
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