David Kirkpatrick

January 22, 2010

A tiny ray of economic hope

Filed under: Business — Tags: , , , , — David Kirkpatrick @ 5:02 pm

It’s not much, but anything ought to feel pretty good right now. Especially with unemployment still dogging the economy.

From the link (bold text is my emphasis):

The number of newly-laid off workers seeking jobless benefits unexpectedly rose last week, as the economy recovers at a slow and uneven pace, but a forecast of future economic activity jumped 1.1% in December, suggesting that economic growth could pick up this spring.

Layoffs have slowed and the economy began to grow in last year’s third quarter, but companies are reluctant to hire new workers. The unemployment rate is 10% and many economists expect it to increase in the coming months.

Here’s more detail on the good news portion of the link:

Separately, the 1.1% increase in the Conference Board’s index of leading economic indicators was larger than the 0.7% rise that economists surveyed by Thomson Reuters had expected.

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