Solid U.S. Economic Recovery

Nov. 19 (Bloomberg)

The U.S. economic recovery will extend into next year as manufacturing expands and the pace of firings abates, reports today indicated.

The Conference Board’s index of leading indicators, a gauge of the outlook for the next three to six months, rose 0.3 percent in October, preserving a string of gains that began in April. Other reports showed claims for jobless benefits held at a 10-month low and Philadelphia-area manufacturing accelerated.

The rally in stock prices, low short-term interest rates and slowing job losses that propelled the leading index signal consumer confidence and spending are likely to stabilize, limiting the risk the economy will retrench. The data supported Treasury Secretary Timothy Geithner’s forecast today that the emerging expansion will be sustained into 2010.


35 Responses to “Solid U.S. Economic Recovery”

  1. 1 Larry Oppenheimer November 19, 2009 at 5:53 PM

    This is basically good news, but this “recovery” has been marked by what may be the greatest disparity ever between signs of recovery in the economy in general and signs of recovery in the job market. Saying that “the pace of firings abates” and “claims for jobless benefits held at a 10-month low” is really saying very little. It still amounts to “it’s not getting worse as quickly as it was.” No matter what major corporations and retailers say, if hiring is not rising significantly, the country is still in major trouble. The rich may be recovering their lost wealth, but the middle and lower classes are still hurting. It is hard to imagine there being no repercussions in the economy if that situation persists.

  2. 2 Alex Stauffer November 20, 2009 at 11:30 AM

    I have always had the confidence in our country to get ourselves out of our huge recession. We aren’t usually prone to live in such a world that our dollar isn’t worth much, makes me feel we are frauds. But even after the great depression the times grew and grew for a better tomorrow. It’s just great to see that economists are seeing a glimpse of what the economy will be in the future, even though it may be distance. We did dig ourselves into this deep whole so it will be a while until we can climb back out. But I have no doubts that we will be able to do it.

  3. 3 Jennifer Tarbell November 23, 2009 at 3:26 PM

    a glimse of hope maybe? maybe not? basically were doing better, maybe its not the instant quick fix we all need but it is a slowing of the negative and a positive change is around the corner.

  4. 4 Ciara Pedroncelli November 25, 2009 at 11:22 PM

    I think that this is a good sign. It is improvement. End of story. Yes, everything is not perfect yet but improvement is always good. Another thing that is good to see is that economists have high hopes for the future. They think that the country will keep improving. If they believed that this was a one time thing, then yes we should be worried, but they believe it will keep happening. It is slow and it is not huge improvement but we got ourselves into this mess and now we have to suffer the consequences and just be glad that there is any improvement. The only thing that I worry about is all the government regulation. Yes, it is good now because we need the help but what happens when everything is better? Do we keep all the regulation? What happens next?

  5. 5 Evan Schlinkert November 29, 2009 at 2:46 PM

    This is a great start to the recovery, the fact is it seems that we are always losing jobs and we are always slumping. The day that we have a bigger percentage of job gains rather than loses is the day that we as Americans, can feel finically safe. Overall I feel that this is a big glimpse of hope because we are going in the right direction, if we were going the wrong way then it wouldn’t seem that bad just because that is the norm. it is also a great sigh because economist feel that the country will continue to get better and improve, so there is defiantly hope for us all.

  6. 6 David Perez November 29, 2009 at 9:37 PM

    It’s good to read that the US economy is back on track, and slowly building again. The media made it seem like we were going to hit rock bottom and experience another Great Depression. Nonetheless, there is still alot more work to do. I know that there are going to be more struggles ahead, but through sacrifice and perserverance,the American people can conquer anything. In California, I know that things aren’t really to great, or so it may percieve to be. With all the furloghs, raised tuition among the universities, it seems grim. However, I know that our state is doing the best it can. California can make it, were the Golden State for crying out loud.
    On the other side, it is sick to hear people leaving the US to go to other countries because of “bad times.” Never turn your back on your country, and if you do, don’t come back. We will have prosperous times ahead of us, as the article states, “emerging expansions will be sustained into 2010.”

  7. 7 Hyo Kim November 30, 2009 at 12:07 AM

    It is also good news for every other nation. There are a lots of countries exporting goods in the U.S., if U.S. economic keep goes down, their economic system would reach negative, too.
    So, It is just not the America’s problem. It is a world issue.

  8. 8 Vince Kaehler November 30, 2009 at 10:16 AM

    This sounds like good news… but at the same time how valid is it? I’ve heard of signs of improvement for awhile now and am becoming skeptical. until the US people will buy their own product, there is going to be a slow recovery to the economy.

  9. 9 Fr,K November 30, 2009 at 1:01 PM

    Slow and steady wins the race. Our economy was not, is not, just going to rebound to where it was pre-recession. ANY gains are good gains, and even though .3 percent increase really is not that large, it still is an increase. In my opinion slow growth is the best thing out there. If the market were improving rapidly, it would just build another bubble; with it increasing slowly there will be a sturdy foundation to support the American economy when it returns to its skyscraper norms (I think, I’m no expert).

  10. 10 Jacqueline Guerrero November 30, 2009 at 2:29 PM

    Although this article does point out signs of improvement in the economy, we can never be sure. The economy is not going to repair itself in one night. It is going to take time. I believe that the economy is going to go through many ups and downs before it gets better.

  11. 11 Kathryn Koller December 1, 2009 at 1:56 AM

    Wow the past couple of articles i have read have been on different topics but all about the same concept: recovery! We are slowly in many different areas dropping and raising percentages (in the ways we want them to go). It’s definitely good to read how finally we are climbing out of this hole and seeing some sort of progress. i really liked what david had to say. I’m stoked there’s minor progress and to hear people are leaving the country is just unacceptable. the only way we are going to recover from this is if people stick with us. if everyone left then the u.s. would automatically lose. hopefully people start believing that we are making a comeback! no matter how small it is still progress

  12. 12 Cole Norton December 1, 2009 at 3:16 PM

    This is somewhat good news for the U.S. economy in that stocks and jobs are starting to pick up again. It has been a very hard couple of years and for the job market to even pick up slightly is a very good thing for our economy right now. There is progress being made in our economy, and right now that is all we can ask for. However, I still believe it will take many more months of increasing job supply to get out of the economic hole we are in as Americans. Articles like this show a good start to what I hope will become a common trend of jobs increasing the employment rate throughout the next several months.

  13. 13 Vina Giang December 1, 2009 at 8:59 PM

    I never doubted our country! the U.S. always has a way to get back into the game. i am glad to hear that we are making a recovery i mean we hit a few bumps but either way we had the spirit to spend our money to help the economy out.

  14. 14 Taylor December 2, 2009 at 10:17 AM

    All I can do is hope that in about two or three years (when I plan to graduate from college) the economy will be recovered and it will not be SO hard for me to find a career. I have realized that this is a long process, but is three more years enough time to get us back on track?

  15. 15 eldiel December 2, 2009 at 5:15 PM

    It’s good to hear that the economy is turning around. But slowly more and more people will go out and start spending and more jobs will open up. I remember sitting and listening to mu teacher talk about the Fannie Mae and Freddie Mac bailouts, and the economy just tanked. Its good to see that in time.

  16. 16 Nubia Cazares December 2, 2009 at 7:53 PM

    This is definitely great news. The economy has been in this recession for way to long and it is time for it to start stabilizing. I think that the governement is trying to bring the economy back up, but it will definitely take time. We can not expect to see a great amount of change anytime soon, the economy has reached its lowest point already and all that it has left to do is to go back up again. This will eventually occur but slowly. We have to be optimistic and hope for the best, lets just hope that the government is being honest with the public and is not just making it seem like the economy is getting better when it isn’t. Lets hope this change lasts and continues to improve, or else something else is going to have to be done.

  17. 17 Matthew Abang December 3, 2009 at 2:06 PM

    I’m glad to see that the economy is showing signs of recovery. It will be good to start putting people back to work. Hopefully none of this “cap and trade” legislation will cause jobs to be outsourced. Keeping manufacturing jobs in America is necessary to grow the economy. This will especially help hard hit states like Ohio and Michigan. We need to learn many lessons from this crisis. Mainly, some industries should not be forced to abide by environmental standards. This will kill manufacturing jobs. The best thing to do is keep these jobs here and not give businesses a reason to outsource them.

  18. 18 Britany Linton December 3, 2009 at 9:11 PM

    Sounds great, but hard to believe. I feel like i always hear things about the economy doing better and this is the worst it has ever been . hopefully things continue to look up for us and we can get back on track. I hope we can learn from our mistakes and this doesnt happen ever again.

  19. 19 Justin Castro December 5, 2009 at 8:06 PM

    This is definitely good news but I agree with Britany that it’s a little hard to believe. Things are looking up right now but there’s no guarantee that it will stay that way. Our economy has been so unstable recently that there’s no telling what it will be like in the future, even next month. Americans can only hope that it stabilizes itself, and things can go back to the way it used to be.

  20. 20 Jorge Clavijo December 6, 2009 at 6:21 PM

    Our solid economic recovery it is there because of us, consumers. We are not as scared as we were last year, when we did not know where to put our money on (in which hands).Finally as the economy recovers, new jobs are found, and better living standards many Americans delight from.

  21. 21 Lukas Bradvica December 6, 2009 at 10:49 PM

    It is good to know that our economy is showing signs of it rebounding. Though not the real thing signs can at least show the American people and give them hope. Also it’s good that Obama signed the law to extend jobless benefits, expand tax credit for home buyers and provide tax refunds to those companies that are losing money. Hopefully this will help the economy.

  22. 22 Yolly T. December 7, 2009 at 7:19 AM

    Its nice to here that the U.S. economy is recovering just because it affects so many outside this country. But the United States have always done extremely well then falls. Though, i haven’t seen the United States not come back. So this was a good sign to prove that theory!

  23. 23 Chris Griffiths December 7, 2009 at 7:56 AM

    This recovery is going to look like all the recoveries that have become before, while the economy improves as a whole the unemployment rate will be the last thing to improve, and if this is the last thing that improves it will be the major thing that people look at to gauge the economy’s strenght when we should be looking at sales data instead. High unemployment is a bad thing but it is a laging indicator and when good data like this comes out it should bring hope that things are getting better.

  24. 24 JoAnn Reynolds December 7, 2009 at 5:29 PM

    I think that this may seem like it is good news but I fear that it is just another put off to make the people think that things are getting better. The economists don’t want to alarm the country or let them know that our economy will not come back as they predicted originally. When this recession started they insisted that it was a “slump” not a recession but it is clearly more than a slump and considering all the current events I say it is most definitely a recession. I do hope, like everyone else, that things will start to look up but i am not optimistic as to a time frame. I think it will take longer than expected .

  25. 25 wallacej December 8, 2009 at 4:33 PM

    This shows a little insight that their is some hope maybe to our economy. Im not really convinced that our economy is getting better. I must really see it to believe it. It is hard to see with some of these articles that are being put out but all in all im hoping were going in the right direction.

  26. 26 Britany Linton December 8, 2009 at 5:41 PM

    I dont think this can be called a recovered economy. We are still in a great deal of trouble and the media tries its hardest to convince us that things are getting better. If you ask me, our economy is the worst its ever been and with the new things the government is trying to do we are doomed for the future. No wonder the end of the world is 2012.

  27. 27 Stephen Cassinelli December 8, 2009 at 6:58 PM

    I think it is great to here that we are beginning to bounce back from the way the economy has been going. I feel that once people start to believe that things are getting better is when we the people will see progress in our struggling economy. The article said that the recovery process is flowing into next year, but i think it might be a bit longer than that to see us as a country get out of the state we are in right now especially California.

  28. 28 Alejandro Plascencia December 8, 2009 at 7:18 PM

    If the economy is able to pick itself back up again thatthat will cement the United States’s place as the most dominant country in thw orld for a long period of time because not alot of other countries can go through a recession like us and not be in tumoil. The fact that the stocks and employment rates ar picking back u[p shpws that the US has a strong sense of wanting to be on top because we do not want to be the country that is a fraud with our dollar.

  29. 29 Jamie B December 8, 2009 at 8:50 PM

    This is good news, but it is not great news. Hopefully,we will slowly climb out of this reccesion and regain credibility in our currency. We are not out of the woods yet, but its better then where we were.

  30. 30 Kyle Ray December 9, 2009 at 12:19 AM

    I don’t really think that this post means much of anything. Every months may have a slightly higher or lower drop in joblessness, but the overall trend has always been loosing jobs. So things are slowing down for a little bit. It makes sense that the economy wouldn’t do incredibly horrible around the christmas season– which is the epitome of consumerism and spending.

  31. 31 Heinrick Devera December 11, 2009 at 8:52 PM

    At times like these, it’s good to read articles like this one. I think we all need to hear that there is at least some improvement going on. The word “stabilize” in the article is what people are paying attention to. Probably now everybody is anxiously waiting to see how things are going to go in the year 2010. If stock prices, interest rates, and employment can all balance out, I think everybody is going to be relieved.

  32. 32 Charles McNeil December 12, 2009 at 2:06 AM

    2010 is sounding more and more like a year to look forward to. Positive forecasts and reports like the ones outlined above are great to hear. Not only great to hear, but they also seem to be serving the economy. As touched on above, good news sometimes breeds good news. Consumer confidence is bolstered by stuff like this, and even though that can only go so far… it’s a step in the right direction.

  33. 33 Nick Rood December 17, 2009 at 9:01 PM

    The market has highs and lows, and while it is impossible to predict these trends, they are in fact just trends. Over the last century, as economists have followed the market and it’s patterns, the overall tendency is to rise. While recessions come and go, as do booms, there seems to be an ever increasing trend in the market. As bad as things have been, they have been on a very short term basis considering the longevity of our economy. It is good to see things may be on the rise again.

  34. 34 Logan C. Songer January 20, 2010 at 1:42 PM

    While it is great there seems to be some positive news about consumer spending, GDP, and production numbers, I don’t see how we can be in a recovery until their are similar numbers for new hires to match the unemployment numbers. Think about how many people enter the work-force every day, drop outs from high school, high school grads, college drop outs, college grads, etc. Not to mention that people who were fired or layed off because of the economic condition. Sure people may be willing to spend a bit again, but don’t they normally do that over the holiday season anyways? Let’s see what happens in January when they get the credit card bills…

  35. 35 Melissa Moylan May 6, 2010 at 8:23 PM

    This is great news. Nice to know that slowly our country is recovering. Hopefully this is really happening and its not just the media trying to tell people that it is okay to start spending money again. Americans need this reassurance so that they can start feeling better about spending again

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