Wednesday, March 3, 2010
I'd put these charts in the category of showing "modest improvement." Nothing very spectacular here, but it does reflect ongoing improvement in the largest sector of the economy. Encouragingly, the employment sub-component of the service sector index reached its highest level since May '08. The green shoots and V-shaped recoveries that have been showing up in the nooks and crannies of the economy are now spreading throughout the economy. The recovery is gathering strength, despite all the headwinds from out-of-control fiscal policy and despite all the fears of a double-dip.
Posted by Scott Grannis at 8:47 AM