Quick rundown of the info behind the data. Even though consumer confidence and employment trends indexes through the Conference Board have declined in January mostly due to the government shutdown, either affecting confidence or shutting down the availability of statistics, the general sentiment is that the economy is still favorably positioned as we begin 2019.
Yes, there are indicators that job growth will slow down later in the year but the recent declines in data are just “shocks to the system” caused by a short term, temporary impact such as the government shutdown.
There is also good news coming from the fact that the recent jobs report showed a larger than expected addition of over 300,000 jobs last month.
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