08 Oct 2019

Economic Insights - September 30 - October 4, 2019

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by Robin J. Anderson, Ph.D., Senior Global Economist

Root for that labor market to hold up and keep the economy expanding, folks—manufacturing is already in recession and it's dragging sentiment down and weighing on investment. That means it's up to consumers (again) to propel activity forward. Even though job growth lost momentum last year, it's certainly not low enough to force up the unemployment rate. That bodes well for consumer confidence and household spending to keep saving the day. We've got more insights—and how it all affects your money—in this week's commentary.