The U.S. economy has been struggling for quite awhile. But the good news is that it seems that recovery is on the way. The latest job report was good as new claims declined again this week. More good news was that consumer confidence seemed to be on the rise as consumer spending rose.
One of the only areas where there was little good news was housing. Home sales continued to slide and housing prices dropped again. Besides the bad news, most economists expect strong Christmas sales. I’m glad that it will be a good Christmas!