Economics
Jobs Galore Give US Consumers Firepower to Fight Off Recession
- Early 2023 numbers on jobs, services show resilient consumers
- Businesses from GM to United Airlines point to strong demand
This article is for subscribers only.
Don’t count the US consumer out just yet.
Two sets of data out Friday raised hopes that the pullback in household spending at the end of last year was just a blip. In the first month of 2023, Americans ramped up purchases of services — everything from restaurant meals to health care — while businesses went on a surprise hiring spree.