Is There a Silver Lining in May’s Unemployment Numbers?
The May unemployment numbers were nothing short of disappointing. But do they mark the beginning of a double-dip recession, as many economists have predicted? Morris Segall, President of SPG Trend Advisors, suggests things might not be quite as bad as they seem, with weather the primary culprit for the sharp drop in production and distribution. Segall also cites an uptick in professional and business services employment and a shift from temporary to permanent hiring as encouraging. See Segall’s oped in the Baltimore Business Journal at http://www.bizjournals.com/baltimore/print-edition/2011/06/17/bleak-economic-numbers-dont-disclose.html
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SPG Trend Advisors is a boutique consultancy that provides global economic research for business and other decision makers. With fifty years combined experience between the principals, and through its website, SPG Trend Advisors provides insightful analysis and forecasting to prepare senior executives for tomorrows trends. Visit SPGTrend.com for more information.Recent Posts
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