Money and Main Street

Recovery or recession on Main Street

Conflicting economic data show either the beginning of an economic recovery or a worsening recession. These CNNMoney.com readers are using their own leading indicators.

1 of 7
BACKNEXT
Recovery: Demand for day care
Recovery: Demand for day care
David Moore
Age: 45
Occupation: Owner of in-home day care
Hometown: Crystal, Minn.

I manage the business side of my wife's child care business. Currently, our day care is at capacity for the summer, and we'll have one opening in the fall, for which we have received multiple inquiries. Demand for child care has really picked up over the last three months.

In 2007, however, demand was at one of the worst levels we have ever seen, and this was before any official word about a recession. We received hardly any calls, and even resorted to putting an ad in a local paper to try to find some new customers. 2008 was no picnic, but we made it through thanks to slightly increasing demand for child care services. In 2009, we have noticed a return to normal. My wife again commented yesterday at the number of calls she is getting.

We have observed slow periods in the past 20 years, and periods where demand was unbelievable. We've seen it all. Right now, demand for day care is good, and seems to be on an uptick. I don't know what the reasons are, but it could mean the economy is improving.
NEXT: Recession: Hardly any traffic going to work
Last updated July 20 2009: 11:13 AM ET
Email | Print | Share  |  RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
More Galleries
Inside the $50,000 Emmys swag bags If getting nominated or presenting an Emmy award isn't prize enough, celebrities come away from TV's big night with luxury goods and vacations worth $50,000. Take a peek at some of this year's luxe giveaways. More
10 most expensive cars sold at Pebble Beach These multi-million-dollar cars sold for top dollar at this year's Pebble Beach collector car auctions. More
The world's most popular beer is ... Few people outside China have ever tasted the top-selling brew in the world. More

Special Offer
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.