The Financial Times reported on Wednesday that manufacturing employment has grown faster in the U.S. than in any other leading developed economy since the start of the recovery, and has added more net manufacturing jobs since the start of 2010 than the rest of the Group of Seven developed countries put together. Only two other major economies, Germany and Canada, have increased factory employment at all.
EMPLOYMENT GROWTH in the USA and CANADA bodes very well for Consumer Stocks.
You Can really see the Employment growth when you look at CTAS stock (leading uniform supplier).. they guided UP in December.
Sorry, it doesn't bode well for consumer stocks. 70% of our economy is services. Wall Street is getting crushed. The loss of high end purchasing power from what is happening to Wall Street DWARFS the impact of the manufacturing jobs. The Wall Street adjustment is structural. It will take a long time to bottom...