Consumer Spending and American Companies

steady pace: But these are not normal times, according to Market Watch. American companies continue to hire workers at a rapid clip — more than 200,000 new jobs a month. In normal times a steady pace of hiring and consumer spending would mean the economy is doing great. All the people now working and earning paychecks helped to boost consumer spending in 2015 to the fastest rate in a decade. The economy expanded at a measly 1.4% rate in the 2015 fourth quarter and it could do even worse in the first three months of 2016. That hasn’t translated into stronger U.S. growth, though. (news.financializer.com). As reported in the news.