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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 Last-minute change to today's "Legally Speaking" show ... open phones with Bill Moore and Liam Duffy of Rubin, Glickman, Steinberg, and Gifford. Call now with your legal questions ... 215-855-8211.
WNPV AM 1440 You may have seen EMQ playing in the concert series in Lansdale Plaza this year. If you have a chance to listen to a fun interview in our archives, choose this one with Eric Mintel and visit to see an exhaustive list of December shows from Doylestown to Lansdale, Phoenixville to Allentown and all throughout the New England states! Don't miss them live at Penndale Middle School on Dec 21st. Listen==>
WNPV AM 1440 Tune to 1440 AM tomorrow at 11:10 AM for "Legally Speaking" hosted by attorney Bill Moore. His guest will be Paul Gunter, associate broker at ReMax Centre.
Care and Share Thrift Shoppes Souderton PA Interested in learning more about Care and Share Thrift Shoppes Souderton PA? Follow the link to a recent interview of Care & Share's Executive Director on WNPV AM 1440.
November 11, 2015 Jay Glickman inteviewing Sarah Bergin on Legally Speaking WNPV AM 1440 - Radio Station in Lansdale, PA 215-855-8211
Univest Corporation Our own Bill Van Sant was on WNPV AM 1440 talking about the markets including the impact of recent world events. Listen at the link below.
November 18, 2015 Bill Van Sant WNPV AM 1440 Radio Station in Lansdale, PA 2158558211

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