Thursday, April 15, 2010

U.S. Economy: Manufacturing Advances, Labor Market Struggles - Bloomberg.com

Standard business cycle stuff.

But a strong business cycle.

* * * * * J B K * * * * *

San Francisco

Manufacturers are charging ahead as sales and inventories grow, spearheading a U.S. economic recovery that shows scant signs of lifting labor markets.

Factory production climbed 0.9 percent after rising 0.2 percent in February, the Federal Reserve said today in Washington. Regional data indicated the gains extended into this month, while figures from the Labor Department showed unemployment claims climbed unexpectedly last week to the highest level in two months.

http://www.bloomberg.com/apps/news?pid=20601087&sid=a8os5E9dm_9E&pos=1