NAM Economist Sees Signs of Economic Recovery
Oct 19, 2009
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National Association of Manufacturers (NAM) Chief Economist David Huether said the Federal Reserve's report that manufacturing output increased 1% in September after an upwardly –revised 1.2% gain in August is good news, and says, "we see early signs of recovery from the deepest drop in production in the post World War II era."

Huether, however, added, "We are not out of the woods yet. Continued weakness in the labor market, underscored by sluggish wage growth and continued job losses, suggest that consumer spending will likely remain weak, at least in the near term."

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