Despite the drama at Toyota (talk about the risk of standardized parts) and the political sideshows in Washington, on the main stage of American life, something’s happening. Business is decidedly better.
As Chris Kuehl, economist for the Fabricators & Manufacturers Association, put it in a Feb. 1 newsletter, “The latest GDP numbers are the best they have been in over a year and a half and suggest that a recession is in clear retreat.” Alright! It’s time to start hiring again, right?
Not so fast.