McDevitt Looks Inside the Economy
January 6, 2006—John McDevitt, retired 3M Corporate Economist, looks at Friday’s unemployment and jobs report, and its impact on the economy. McDevitt also discusses: the housing market and to what degree it will cool in 2006, and how that cooling will affect other segments of the economy; the construction market in 2006 and the segments that hold the greatest promise of growth this year; the consumer of 2006 and his expectations for retail spending during the year. McDevitt also discusses raw materials prices, rebuilding in the Gulf coast area, the Federal Reserve and its concerns for 2006, and what preserving the tax cuts really means to investment and the economy.