Good News; The U.S. Economy is Coming Back!

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I was so struck by the upbeat mood at Toy Fair that in my blog posting “Toy Fair 2012: Animal Spirits” that I wrote:   “I think it may mean that the economy is stronger than we think and that what happened at Toy Fair maybe a leading indicator of an uptick in the nation’s economic recovery.  I hope I’m right.”

Well, it looks like I may have been right.  In a New York Times article, “Economy Shows Solid Job Gains For a 3RD Month” the opening paragraph contained these words:  “three consecutive months of solid employment growth have begun to lift the mood of consumers and the unemployed.”

The article by Shaila Dewan went on to state: “The economy added 227,000 jobs in February, the Labor Department reported Friday, and though the unemployment rate held steady at 8.3 percent, that was largely because nearly half a million people had joined, or resumed, the search for work in hopes their prospects had improved.”

 

The article went on to note an increase in manufacturing and in consumer confidence.  I think at the Javits Center we were seeing an increase in retailer confidence.

Over the last few week, I have had numerous conversations with people in other industries (everything from textiles to fine arts) and, at least anecdotally, they are seeing a loosening of pocketbooks.  Will the comeback in the US continue and will it take hold in Europe?  One good sign this week was what appears to be a resolving of the Greek debt crisis.

Keep your fingers crossed.  Things are looking up.

 

 

 

2 thoughts

  1. Do you actually believe the NYTimes in an election year. People reentered the joblessness ranks because of the extension of unemployment benefits. Wait until the numbers are “adjusted” in a month or so.

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