Good News on Jobs
Anytime we hear about good news for the job market we are excited. Even though openings in media/advertising remain constant, the overall economy is still healing.
And today positive data was released: “Jobless Claims fell Last Week.” Additionally the private sector added 157,000 new jobs in June 2011 and this was well beyond the estimate of 95,000.
On top of encouraging news on hiring, retail sales were also up in June. Confident consumers will shop and the summer sales are appealing. Over the weekend stores were crowded with shoppers and most were carrying bags instead of just window shopping.