Maybe….
But employer’s are STILL looking for people to work….
Inflation is STILL an issue….
And?
A LOT of places do NOT have consumer good to sell to you….
And?
The media IS hammering people about a new virus strain….
But people ARE gonna spend for the holidays…..
Overall, the November jobs figures point to an economic recovery that looks resilient though under threat from a spike in inflation and the potential impact of the omicron variant of the coronavirus.
Little is definitively known about the variant, and widespread business shutdowns are considered unlikely. Still, omicron could discourage some Americans from traveling, shopping and eating out in the coming months and potentially slow the economy.
For now, though, Americans are spending freely, and the economy is forecast to expand at a 7 percent annual rate in the final three months of the year, a big rebound from the 2.1 percent pace in the previous quarter, when the delta variant hobbled growth….