I mentioned a few days ago that the economy is slowly starting to turn the corner. It’s unclear if this will be a fast economic expansion or a slow crawl; however, things are going to get better before they get worse. Another good sign is that Home Depot is hiring for the first time in four years. New housing construction has taken a beating the past few years and is starting to turn around. Chris Burritt at Bloomberg has more:
Home Depot Inc., the largest U.S. home-improvement retailer, is adding store jobs for the first time in four years in anticipation of a rebound in sales.
“We have already added to our payroll this year,” Chairman and Chief Executive Officer Frank Blake said in an interview yesterday in Atlanta, where Home Depot is based. “As you have positive transaction growth, you need more associates to handle that in the stores. We are going to lean into our skis a little bit.”
Other areas that are showing improvement are railway freight and an increase in private sector jobs. What is driving the rebound? It’s not the government. It’s the American entrepreneurial spirit. The business cycle isn’t dead and as the Dow marches closer to 11,000 it’s worth reminding people that the United States is still a very prosperous nation.
Recent Comments