· Small business confidence up…..U.S. small business confidence hit its highest level
in 6-1/2 years, as reported by National Federation of Independent Business
today, and forward prospects appear to be brightening considerably.
What’s the
point? During this economic cycle,
the small business sector has struggled behind the larger companies in the pace
of its recovery. The fact the small business optimism is improving is a very
good indicator, both coincident as well as prospective indicator, for the
economy. It also lends further credence to 1) the fact the U.S. economy should
accelerate somewhat and b) the thesis that this economic recovery has more legs
to it, and could last several more years before entering the next recession. Link:
http://money.msn.com/business-news/article.aspx?feed=OBR&Date=20140610&ID=17687785&topic=TOPIC_ECONOMIC_INDICATORS&isub=3
·
Job advertising accelerating……U.S. businesses have significantly ramped up job
advertisements to its highest level in 6-1/2 years.
What’s the
point? The latest data on jobs
posting is further evidence that the labor market is heating up. This has
positive implications for the overall economy and further supports our view
that economic growth should accelerate as we move through 20214. We believe improvement
in jobs growth and labor component of the recovery is critical to sustaining
growth of the economy. Up to now this recovery has been a “slow motion”
recovery, with fits and starts growth in many sectors of the economy. More
sustained and strong jobs growth would likely go a long way to improving both
the strength and durability of this recovery. Link: http://money.msn.com/business-news/article.aspx?feed=AP&date=20140610&id=17689157
No comments:
Post a Comment