More good economic news: The unemployment rate is at 3.6%, still close to a multi-decade low. Importantly, the labor force participation rate for prime working age people (ages 25 to 54) increased to 83.5%. That’s a 21-year high.
A recession is NOT likely, though the Fed may keep raising interest rates until it gets one.
Follow
@RealSeanBrodrick: They do do weird shit like that. It's been uttered on more than one occasion by bankers, stock profiteers- er, marketeers, investors, politicians, and businessfolk that low unemployment, better wages, lower interest rates, higher consumer savings (especially retirement-oriented) and discretionary income, and such is "bad for business".