For the last couple of months I have had some worries about the potential for a double dip recession. There are several indicators that make me worry…
- Very sluggish job market. We are gaining few private sector jobs. Forget the headlines and look at the underlying data. 30-70k jobs a month in the private sector is bad. We need roughly 200k a month to have some form of growth.
- Worker Productivity has risen very steadily for the last 6 months. That should make the case for new hires, but business has not started hiring. That means business is concerned about the future.
