'BENTONVILLE Arkansas (Reuters) - U.S. employers may be hiring again, but the job market's recovery is not giving ordinary consumers enough confidence to increase their spending, a top Wal-Mart <WMT.N> executive said on Monday.
In an interview with Reuters at the retailer’s headquarters, Bill Simon, the president and chief executive officer of Wal-Mart U.S., said, “It's really hard to see in our business today … that it's gotten any better.”
He added: “We’ve reached a point where it’s not getting any better but it’s not getting any worse – at least for the middle (class) and down."'
Wal-Mart: US Job Rebound Not Spurring Spending - Business Insider
So much for this great recovery...