Implications: On a positive note, the U.S. economy added more than 128,000 jobs last month… and that number would have been considerably higher if not for the state government shutdown in Minnesota, which temporarily shed 30,000+ positions. But based on the few polls and considerable press devoted to public sentiment, I have to believe folks are fed-up with the way the system is working right now.
Heading into an election cycle, we can expect the rhetoric to increase, and the discontent right along with it. Waiting for the economy to calm is probably not an option. Getting to know your consumers better than you ever have—and serving them more effectively and efficiently than ever—is going to remain critical for the foreseeable future.
Mike Anderson, for the Elm Street Economics consumer trends blog. A service of The Center for Sales Strategy, Inc.