The U.S. Economy Hasn’t Yet Gone Over to the Dark Side
Most economists believe the U.S. has hit another soft patch but that underlying growth remains sound, fueled by the creation of 12.5 million jobs in the past five years. Wages are increasing, gas is cheap, home sales are rising, auto sales are at record highs, and Americans are more often going out to eat. “The improvement in jobs markets is trumping the weakness in stock markets,” says Ryan Sweet, a senior economist at Moody’s Analytics. As reported in MarketWatch by Bartash.
