Comey has been here and gone. Trump is still here, more or less…at least for now. Retail is still sluggish. And eTail is still growing fast. Business deregulation is proceeding quickly which is no small thing. On the other hand, legislation is at a standstill and therefore is a small thing. Business sentiment and the stock market continue to be at all-time highs. But business and consumer spending haven’t really picked up in any meaningful way. US sales and economic growth have stalled. Hard and soft data have diverged wildly. Which will come first? The chicken or the egg?
What does this mean for toy industry hiring? Companies talk about positions that they want to fill…but delay actual search starts. Companies complete the search process and find the new player that they want…but delay making actual job offers. Not much has changed in the last couple of months. American business remains in an optimistic funk.
One bit of good news: it’s summer time and the living is easy.