Hedgeye says current employment trends show a potential deceleration of employment growth in the...

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davidingeorgia Comments (2713)
 
That's not the only place it will slow down once the public (including even the "honey boo boo's" of the world) figures out that everybody's taxes just went up, and that they now have less money to spend each month.
9 Jan, 06:58 AM Reply Like

Bret Jensen Comments (6987)
 
Also could be job growth is slowing in the sector because of the coming costs of Obamacare.
9 Jan, 07:45 AM Reply Like

Chazuu Comments (27)
 
Less grease. More people with health care. Bad for MCD. Good for people.
9 Jan, 08:18 AM Reply Like

richjoy403 Comments (6758)
 
I would agree with all the premises mentioned by Hedgeye, and comments...except that every time I enter a restaurant, it is packed.

It seems that very few families are reacting to unemployment, housing crisis, Obamacare, stock market loses, etc., and so forth, by reducing their most discretionary expense--eating out!
9 Jan, 01:53 PM Reply Like

Chazuu Comments (27)
 
Ditto Richjoy. I live in Western Pennsylvania which does certainly not enjoy a booming economy for those on the lower end of the economic scale. The high tech, medical, education/research and financial communities are doing very well however. But it seems that all restaurants are packed: low, medium and high end.
I think that the current lower price of gasoline puts more money in the pockets of the people than the small increase in payroll taxes subtracts and allows for a continued level of discretionary spending.
12 Jan, 08:26 PM Reply Like