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Mixed message

Published Tuesday, August 01, 2006

Some economists and market analysts think the economy has hit the brakes. If they are right, presumably trucking companies should do the same — stop hiring, cancel new equipment orders, prepare for leaner times. How good is the evidence that the economy is skidding? The stock market, which is supposedly a reliable indicator of the direction of the economy, has stalled in the last couple of months after earlier advances. Payroll employment increased by an average of just over 100,000 jobs per month in the second quarter, following much larger gains in the first quarter. Retail sales have ...

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