Let’s start by stating the obvious—the U.S. isn’t in a recession and it very well might not be headed for one.
Yes, that might go against what many economists are predicting and what some CEOs and other industry players, who have warned that the good times can’t last, have been saying, but it sure seems to be true. Recent economic data, including Thursday’s lower-than-expected unemployment claims, suggests that the labor market remains strong, a key factor for keeping the economy going, says Gavekal Research co-founder and chief economist Anatole Kaletsk. And it’s far too strong to suddenly collapse, particularly given the huge number of ongoing vacancies. And as long as people are employed, they have money to spend.