Gauge of US economy rises 0.3 percent in June
Source: AP-EXCITE
By MARTIN CRUTSINGER
WASHINGTON (AP) A gauge designed to predict the economy's future health increased in June for a fifth consecutive month, supporting the view that economic growth should accelerate in the second half of this year.
The Conference Board says its index of leading indicators rose 0.3 percent last month. That was slightly lower than forecast but the May increase was revised up to a 0.7 percent gain, a bit stronger than first estimated.
Conference Board economist Ken Goldstein says that stronger consumer demand, driven by sustained job gains, should help boost the economy in coming months.
The economy shrank sharply in the first three months of the year, reflecting the effects of a harsh winter, but economists are looking for a rebound in the second half of this year.
In this July 3, 2014 photo, construction worker Vinny Chase climbs out of a pit during a sewer and water line project in Philadelphia. The Conference Board reports on its index of leading economic indicators for June on Friday, July 18, 2014. (AP Photo/Matt Rourke)
Read more: http://apnews.excite.com/article/20140718/us--leading_indicators-3a1edb9d9f.html
Peacetrain
(22,872 posts)Skittles
(153,113 posts)IronLionZion
(45,380 posts)I thought this theory had been debunked by the guts of conservative politicians who decided to pursue austerity instead and remove a lot of money from the economy?
Glad things are finally getting better! I'm starting a new job soon which would be a promotion in work and wages from the last one. I've been noticing lots more job postings at all levels too.
For those still looking, don't give up hope.