road to recovery

Mike Bertelsen

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The road to the economy's recovery has been a long and winding one. For sure.

What we have to look at is the job picture. Frankly the overall job growth situation has been dismal. It could be worse, so we have that going for us. The addition of more jobs would be beneficial to several sectors of the U.S. economy including housing.

The remainder of 2014 has the pulse of the consumer in the mix. While I'm on that subject, August retail sales were reported earlier today as increasing by 0.6 percent after an upwardly revised 0.3 percent. July was previously reported to have been flat.

The core sales correspond mostly with the GDP, which increased 0.4 percent in August.

Reuters was a source for this entry.





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