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The Economic Data Is Contradictory

The Economic Data Is Contradictory
People walk through a shopping mall in the Manhattan borough of New York on Jan. 12, 2022. A recent Labor Department report shows retail sales have declined despite robust hiring in the job market. Spencer Platt/Getty Images
Milton Ezrati
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Commentary

A few months ago, all of the economic indicators seemed to line up well. They painted a positive picture. Despite the Omicron coronavirus variant and supply chain problems, it was clear that the economy was rebounding strongly from pandemic-induced strictures.

Milton Ezrati
Milton Ezrati
Author
Milton Ezrati is a contributing editor at The National Interest, an affiliate of the Center for the Study of Human Capital at the University at Buffalo (SUNY), and chief economist for Vested, a New York-based communications firm. Before joining Vested, he served as chief market strategist and economist for Lord, Abbett & Co. He also writes frequently for City Journal and blogs regularly for Forbes. His latest book is "Thirty Tomorrows: The Next Three Decades of Globalization, Demographics, and How We Will Live."
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