The Bureau of Labor Statistics has made some nice upgrades to their jobs report highlights. Always makes me laugh that “drinking places” is an official government stat. Interesting too: January marks 35 consecutive months without a job loss in this industry. Food services and drinking places recovered all the jobs it lost in the most recent recession, and employment is now 441,000 above its most recent peak reached in December 2007. Prohibition be damned. Booze and other vices obviously help the economy.
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- Slower Growth in Consumer Spending.
- Employment Cost Flattens.
- GDP +2.3% is Weak.
- Housing Market Softer?
- Retail muted, Consumer Confidence down.
- DGO Recover but down Year/Year.
- New Home Sales down.
- Initial Jobless Lowest in 42 Years.
- Existing Home Sales Highest since February 2007.
- Consumer Spending Remains Soft.