Vital Signs: Job Growth Set to Slow

On tap: November employment and business activity data, a preliminary December take on consumer sentiment, October factory orders

Through thick and thin, U.S. consumers seem to keep spending. Despite a housing recession and rapidly rising food and energy costs, spending adjusted for inflation so far this year has grown at an annualized pace of 2.6%. The reason: a steady labor market has given people the means and the confidence to hit the malls in spite of all the bad news.

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