The percentage of respondents to University of Michigan’s Consumer Sentiment Survey that “think they (or their spouse) will lose their job over the next 5 years” soared to its highest since March 2009.
Either the BLS’ workers are lying, or the government’s data on jobs is ‘misleading’
According to UMich Curtin:
And worse still:
But do not worry:
Though he offered no actual reason for his expectation.
Finally, we note the last time this happened…
Personal Spending Collapsed!
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