Be a worthy worker and work will come."? Amit Kalantri
The economy continues to be bifurcated. The American consumer is in a healthy position with the lowest unemployment rate in 50 years, solid wage growth, high consumer confidence and low interest rates. Consumer spending remains strong and accounts for more than 70% of domestic economic activity.
The Manufacturing, Industrial and Transportation parts of the economy are suffering, however; thanks to the combination of slowing global economic activity, trade tensions, tariffs and the strong U.S. Dollar. We got more confirmation that these two separate parts