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NEWS
Is Recession Ending?
IT MAY seem as if professional economic forecasters are only about as accurate as the Magic 8 Ball you played with as a kid, but it’s hard to be pessimistic in the face of the latest economic indicators. From spending to housing starts to consumer con- fi dence, there are reasons to think that the economy is on the mend. Home prices have been fl at in recent months, but on a year to year basis, U.S. prices rose for the fi rst time since December 2006. People who are not selling their homes are spending more on them. According to the Joint Center for Housing Studies of
Harvard University, remodeling activity should rise fi ve percent this year. And while the jobless rate has
held steady at just under ten per- cent, more companies are seeking to make hires. The number of job postings in the country rose 19 percent in March, according to In-
deed.com, in a survey of websites and classifi ed ads. Retail sales for March were also up, according to the Census Department. The agency reported a 1.6 percent rise over February, and a 7.6 percent rise over the same month in 2009. And in other encouraging news, the Conference Board reports
Manufacturer / Distributor / Wholesaler
A1 Watches
Largest Collection of Watches Digital, Ladies, & Men’s
that consumer confi dence is up to levels not seen since Septem- ber 2008. So while this “jobless recovery” may not be over yet, a number of trends are giving retail- ers reason to hope. ■
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