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Thu Mar 22, 2012, 02:18 PM

Economic recovery here to stay? Conference Board indicators rise

Source: Los Angeles Times

Does the economic recovery actually have legs? Long ones, according to the Conference Board, whose index of leading economic indicators (including jobless claims) continued to perk up in February in the biggest increase in nearly a year.

The index, which includes improving measures such as income and sales, was up 0.7% last month to 95.5 after rising 0.2% in January and 0.5% in December. That’s the most substantial advance in 11 months and the highest point since June 2008.

Fueling the uptick: a promising jobs market, with the unemployment rate at a three-year low and first-time claims for jobless benefits falling last week to a four-year low, according to a Labor Department report Thursday.

Building permits are up, according to the index, as are stock prices, which late last month helped the Dow Jones industrial average close above 13,000 for the first time since the financial crisis. And with more income in their pockets, the country’s consumers are spending more this year – expenditures that make up 70% of economic activity.

Read more: http://www.latimes.com/business/money/la-fi-mo-conference-board-20120322,0,7580395.story?track=rss&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+latimes%2Fmostviewed+%28L.A.+Times+-+Most+Viewed+Stories%29

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Reply Economic recovery here to stay? Conference Board indicators rise (Original post)
Julian Englis Mar 2012 OP
wilt the stilt Mar 2012 #1
Swede Atlanta Mar 2012 #2

Response to Julian Englis (Original post)

Thu Mar 22, 2012, 05:40 PM

1. 3 more months of 200,000 jobs

there will be a mass suicide watch on the republican party.

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Response to wilt the stilt (Reply #1)

Thu Mar 22, 2012, 07:10 PM

2. Naw.....

 

They will parrot Mittens to say that except for the actions of this President the recovery would be massive with zero unemployment, housing boom, market at 20,000 and deficit zero due to all the taxes being taken in from the wage earning families.

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