What do you mean it may be ‘too early to sound the alarm bells’?
Oh, I get it. A better time is when an ‘R’ occupies the White House.
I was in a Kmart store yesterday that had 1/3 of it’s light banks turned off to save money. Not a symptom of a robust economy.
And yet the FED is considering multiple interest rate hikes this year.
Where I live in Ocean County NJ the locale I live in is near the beach so there’s always good summers and bad as far as part time work, there’s plenty of Home Depots, Targets, etc but there are plenty of strip malls of all sizes and in the last 5-6 years like rotting teeth their closing up one after the other. A&P closed up, Kohls is closing stores, even the McDonald’s and Burger King’s around here are getting zombie like. The only real thing that keeps things going here is that Ocean Co., NJ has the largest number of senior citizens retirement communities, nursing homes and hospitals in NJ. Unless you’re an RN or CNA, the work is part time and there is full time for maintenance guys like me but they’re tough to find and I’ve been looking. The real unemployment figure is probably around 15 or 20%.
I heard the ABC news, they said these numbers about jobless claims rising affirm how strong the economy is.