More Americans than expected filed for unemployement benefits last month. But the index of U.S. leading indicators rose for a sixth month
in March, indicating the world’s largest economy will maintain its expansion,
the good people at Bloomberg report.
The Conference Board’s gauge of the outlook for the next
three to six months climbed 0.3 percent after a 0.7 percent gain in February
that was the biggest in 11 months, the New York- based group said today. The
median forecast of economists surveyed by Bloomberg News called for a rise of
0.2 percent in March.
An improving job market is helping Americans overcome higher
fuel expenses and boosting the spending that accounts forabout 70 percent of
the economy. Photographer: Victor J. Blue/Bloomberg
An improving job market is helping Americans overcome higher
fuel expenses and boosting the spending that accounts for about 70 percent of
the economy. Strengthening consumer demand will help sustain the more than
two-year expansion and make the economy more resilient to a slowdown in Europe.
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