This defies the double dip crowd….rail traffic cannot/does not/will not grow in a doubler dip scenario. The fact it is surging in late July to the highest levels of the year is material. We’ll of course have to watch for follow through but it would seem as though a summer slowdown may have passed and activity is resuming. These results also back what I said in my last post on rail traffic
Month: August 2010
Here is the pattern all recent recessions have followed, first temporary employment rises as businesses cautiously add cheaper temp workers. As the recovery gains traction, those workers then migrate from temp to permanent. All that means for the best view of the jobs market down the road, we need to look at the temporary worker situation.
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$$ Dow and Its Dividend
We do we stand????