Consumer Price Index
The Leading Economic Indicator gained by 1.2%, which is amazing! This was the second month in a row that increased in 2 YEARS! What does this mean? It means that we are going to be seeing this recession, which we are currently in and are tired of, ending closer to the end of this year. What is causing us issues though are these HUGE job losses. Most economist believe the unemployement numbers will continue to get worse until they get better. Specifically, the unemployment numbers will worsen until the second quarter of next year. Unemployment continuing to increase will continue to stomp growth from occuring and reversing our current situation.
May’s unemployment was at 9.4%, and the highest it has been in recent years was 10.2% in 1982 at the end of a a recession. Most economist believe, as do I, that the national unemployment number will become very close to this again!
What do you think? What do you think about the economy? Anything you believe President Obama could do take make it better? I would love to hear from you. Either right here or email me at psingh@rempower.com
I look forward to seeing you in a future workshop!
Prabhjit Singh