FDL- By: Jon Walker Thursday February 9, 2012 1:34 pm
Recently we have seen a string of positive economic indicators that all point to the same general pattern. While the individual pieces are subjectively good compared to pre-crisis level, the data gives the clear impression that the economy is modestly trending in a positive direction.
The GDP increased at an annual rate of 2.8 percent in the fourth quarter. The Department of Labor found better than expected payroll growth in January with 243,000 new jobs added. Weekly initial unemployment claims were down this week and the 4 week average is the lowest it has been since May 2008.
In addition Gallup found that economic confidence has been trending upward for five straight months and American’s life rating has been trending upward since October. In addition, Gallup found small business hiring intentions are the best they have been since the begin of 2011. From Gallup: