In the article "Americans' incomes, spending rise solidly" it talks about how the average income has risen 0.3% in the month of February, while spend went up 0.5% in the same month. It is said that these increase are because of 262,000 jobs that were created in February. This is all really good news for our economy, but on the other hand I have read other blogs and articles that say we are heading into a recession. I don't understand how we can have a growing economy and be heading into a recession. Can someone explain this to me?
Posted by Nick at 3/31/2005 11:59:00 AM