“Oh no, here we go again”!After a few months of positive economic news, the tide seems to be turning.Although I won’t say the tide is reversing, there certainly may be cause for concern. After repeated months of an improving employment picture, the numbers last month indicate a possible change in direction. Before we go any further, don’t be fooled by the announcement that unemployment dropped from 8.3% down to 8.2%. The cause of this drop is only because of one factor which is simply that people are leaving the workforce. All of the other metrics related to employment are worse this month than last month.
JJ Mack