calculatedriskblog). Hence the positive trend on the jobs market continues "that has been slowly but steadily improving for the past four years" (scottgrannis).
Bloomberg comments that "a drop in firings will probably help workers feel more secure in their jobs, which, combined with a housing-market rebound and rising stock prices, may bolster consumer confidence and in turn spending" (bloomberg).
Well said. We are enjoying now a virtuous circle, meaning that there are some positive developments which are strengthening each other: The healing job market is fueling the climbing consumer spending, the recovering home market and the rising stock market, which all translate again into gains on the job market.
I believe this favorable situation will continue a while because the US enjoys some beneficial tail winds from rising exports (especially to China and other emerging markets) and climbing company profits (as a result of the advancing efficiency thanks to the technological progress).