The wealth effect from the housing and stock market gains have resulted in improved consumer confidence.
While consumers are just starting to feel better, businesses have fared well since the downturn, with profits rebounding to record levels.
Personal vs. business spending
Still, as consumers have grown more confident recently, businesses have grown more anxious. Companies have recently been scaling back their spending due to increasing worries about sputtering economic growth around the world.
Souring corporate sentiment could be a worrisome development for a job market that, while still depressed, has been improving. The economy has added 2.1 million jobs in the past year, but it is still more than 4 million jobs shy of where it was in January 2008.
Public vs. private employment
The private sector has added some jobs, while the government has been shedding them, at least until recently.
More from The Fiscal Times:
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# 1 = HIMSELF
# 2 = THE DEMOCRATIC PARTY
# 3 = VALERIE JARRETT
# 4 = PROGRESSIVE'S IN THE ELECTORATE
This business owner is giving it until December 1st.
Already came up with a list of 15 employees who will be cut if the fit hits the shan.
Corporate profits (after tax) are at an all time high. Wages are the lowest percentage of the GDP on record. This aint government people. This is the private sector. Thank heaven we didn't elect a private sector guru in this economy.
We as the American people have so long let a small amount of politicians (lawyers), say and do what they have studied, and determined will, be tolerated by "We the people" (Us), and have been manipulated by seed thought, of master control. WE believe it is (us) that is in control, I say we are being herded. To what end is yet to be determined, by our ignorance of the diabolical and unscrupulous greed of those we have in trusted to do the RIGHT thing with Integrity. How naive it is to think they vote themselves increased salary and we don't need any more we need to sacrifice as a whole to maintain the two party system Republican and Democrat. for the benefit of two party at the expense of all others. We need to come together and oust all the career controllers and get some farmers and ditch diggers in to help the country. It is so much easier to get less than 600 players to play the rules out to benefit oneself and keep it secret. and I will say no more until I check to see if there is a targeting drone over head.
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[BRIEFING.COM] Stocks entered the weekend on a mixed note as the S&P 500 shed 0.1% while the Dow ended with a gain of 0.1%.
The major averages began the day on a lower note as nine of ten sectors saw losses of more than 0.5%.
The consumer staples sector was the lone exception as the group spent the entire day in positive territory thanks to the relative strength of Dow component Procter & Gamble (PG 81.89, +3.19). The second-largest staple stock advanced ... More
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