Last week’s decline in initial jobless claims puts the data within a statistical hair of a five-year low. That’s a bullish sign for the labor market and, by extension, the economy. Indeed, the latest dip in new claims strengthens last week’s encouraging news of private nonfarm payrolls growth in February. Some analysts continue to press the case that the US economy is in recession, or is slipping into darkness as we speak. But the numbers say otherwise, starting with the labor market, which continues to grow at a modest pace.
Daily Archives: March 14, 2013
US Industrial Production: Feb 2013 Preview
Tomorrow’s report on industrial production for February is projected to post a 0.4% gain, according to The Capital Spectator’s average econometric forecast. The expected gain compares with a slight 0.1% decline in January. Meanwhile, the Capital Spectator’s average February projection is at the low end of consensus forecasts from economists.