Wednesday, August 4, 2010
The fact that corporations haven't been laying off people en masse for most of this year is good news, but it is no longer new news, so in that sense I can't say that this chart is a reason to be optimistic. But it does solidly refute the notion that the economy is slowing and/or we are approaching another recession. By failing to support the bearish case, the chart and the news are a positive, given how bearish sentiment is.
Posted by Scott Grannis at 9:14 AM