Consumer Spending On The Rise Deceiving The Market

Consumer spending has been increasing in recent months. However, that rise will be subdued as stagnant pay and weak hiring remains. Reports are indicating that consumers are tapping into their saving for spending, rather than receiving an increase in pay to fuel their spending habits. Economists have been hinting that the economic recovery would be hampered if employers don’t boost pay and increase hiring.

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This entry was posted on May 3, 2010 at May 3, 2010 and is filed under U.S Market. You can follow any responses to this entry through the RSS 2.0 feed.