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Friday, March 4, 2011

Unemployment rate falls to 8.9%

Because a sustainable recovery depends on consumers having jobs and paychecks, it’s good to end the week with some good news about unemployment. Depending on your preference, here’s the story from the New York Times… and here’s the way it was reported by the Washington Post.

Implications: We still have a long way to go before describing the economy as “robust,” but based on what we’ve been through, this is good news.

As employment gains, pocketbooks open. Have you sidelined any products, services or offers in response to the recession… which might be good to reconsider now, in the face of increased optimism?

Mike Anderson, for the Elm Street Economics consumer trends blog. A service of The Center for Sales Strategy, Inc.

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