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Economist: Recession Over, Nobody Noticed

univestUnivest Economist Gary Wolfer says the recession has technically been over for a while, but most workers never noticed. He says they see the high unemployment rate and the same signs business owners see.

“People are so concerned about their future at work and their future financial situation.  We just have so many concerns among consumers that they don’t have the appetite to spend.”

He says a dichotomy among businesses is preventing growth.  The small ones are still struggling, but the big ones have had many options to protect the bottom line and stay competitive globally.

“They’ve done a number of rationalizations of cost, laying off workers, closing down operations, and in the 25 years that I’ve been in this business I’ve never seen Corporate America, in the larger size aspect, that competitive with its global peers, so American companies at this point are pre-eminent.  The problem, though, is they’re not creating any jobs either.  They’re holding back.”

Wolfer says it could be a combination of uncertainty over the future of health care and onerous new banking regulations, but businesses are not creating jobs and the economy is not growing.  He Appeared Wednesday on the WNPV talk program Comment Please by Univest.
WNPV AM 1440 NASCAR returns to 1440 AM on Saturday, February 13, 2016, at 7 PM. Here's a preview of what you can expect from this season!
MRN.com - 2016 Team Preview: Hendrick Motorsports - NASCAR Sprint Cup Series mrn.com The NASCAR Sprint Cup Series section features related news, photos, audio, statistics and more.
WNPV AM 1440 WNPV can help with your struggle to live healthy. Tune in Monday through Friday (9:10 - 11 AM) for "Let's Talk Nutrition" with Dr. Michael Garko; Thursdays (11:10 - 12 noon) for "Let's Talk Health" with Ria Gilday of Queen's Health Centers; and Fridays (11:10 - 12 noon) for "The Holly Hill Health Hour" with Jim Wilk of Holly Hill Health Foods.
WNPV AM 1440 NASCAR returns to WNPV next Saturday (February 13th) with the Sprint Unlimited at Daytona. Before the season gets underway, which driver do YOU want to see win the Championship in 2016?
WNPV AM 1440 Tune to 1440 AM tomorrow at 11:10 AM when Ria Gilday will have as her guest on "Let's Talk Health" Ashley Hasselberger of Prevagen. Learn how Prevagen can help improve your memory!
WNPV AM 1440 Pam Knox Carroll joins Buxmont Live this morning at 10:10. Teamwork Wins is a 15-year-old nonprofit organization that assists individuals with Invisible Challenges™ to become self-directed, self-maintaining, self-sustaining, free-thinking and creative. Visit their site at http://teamworkwins.org and listen to the show on the web at http://listen.wnpv1440.com
www.teamworkwins.org teamworkwins.org Contribute to the well being of our communities through the facilitation of personal awareness and expanding consciousness of the individual.
Univest Corporation What's new with us? Tune into WNPV AM 1440 for an update from our CEO, Jeff, and our Bank President, Mike. They are broadcasting live from the new lobby of our corporate HQ here in Souderton.

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