Consumer Reality kicked in as we say Goodbye to 2010. Confidence numbers for December are down.
Despite the unexpected drop and the Mortgage mess, we expect the Major Indexes to remain at this level or close higher for the year. Economic outlook for the year 2011 is positive, a slight upward revision to the GDP is widely expected.
Our Research shows that the employment gains made in the past two months were mostly in the retail and transportation sectors. The bulk of the hiring took place in stores across America and fulfillment center scattered around the country.
Unfortunately many of these workers will lose their jobs in the coming weeks and months. We are expecting a little pick up in hiring from manufacturing and service sectors, for the short term, at best, that may have a net neutral affect to the over all unemployment figures.
www.OxBridgeResearch.com
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