Wednesday, December 21, 2011

Good economic news...yes, you read that right....

Over the past few years, we've gotten way, way to used to reading bad economic news.  Well, of late, there has been a spate of pretty good economic news, and it seemed worth summarizing.

It started with a record-setting Black Friday in late November, but it didn't end there.  Unemployment tanked in the latest report, dropping from 9% to 8.6%.  Combine that with the fact that the latest report on first-time unemployment claims hit 366,000 (lowest level since May 366,000), and there is reason to hope that the jobs market might, just might, be improving.

And there's more.  Manufacturing indexes are on the rise, as is housing construction.

This isn't to say that we are out of the woods yet, many dangers remain, particularly the ongoing debt crisis in Europe.  But, the news, for once, seems generally positive.

By the way, we will be out of the office on Thursday, Friday and Monday.  For those of you who celebrate, have an outstanding Christmas, and we'll see you again on Tuesday!

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