Daily Archives: November 9, 2011

Will Slowing Income Growth Spoil The Party?

Job openings on the last business day of September rose to 3.4 million, the Labor Department reports. That’s up from 3.1 million in August. Here’s one more statistic for thinking that the U.S. economy continues to grow. Coupled with moderately positive job creation in the private sector for October,, one might reason that the recession risk is falling. The higher “churn” rate in the job market echoes the sentiment, Catherine Rampell explains. But let’s not forget that there are still plenty of risks lurking, including the disconnect in consumer spending and income.

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