Major indicators are showing improvement in the U.S. economy. Here are few of indicators and you will be the judge.
- Even with a two percent payroll tax increase that went into effect recently, many believe people are still spending more. The Consumer Confidence Index in March 2013 reached to a higher level since April 2012.
- The household net worth is increasing. The current estimates are that the U.S. household net worth is at $66.1 trillion just shy of all time high of $67.4 trillion reached in 2007.
- The U.S. Department of Labor data released in early March shows adding 236,000 new jobs in February beating the previous month gain of 119,000 new jobs. The U.S. unemployment rate is at 7.7 percent, a multi-year low. Many believe this is still way below what we need to address issues related to lower unemployment.
- General Motors and Ford expect to see a best year for vehicle sales since 2007. Everywhere else retail sales are rising more than 1.1 percent month over month so far this year.
The Dow Jones Industrial Average commonly known as the Dow is over 14,500 now and a new high was reached on March 5, 2013 beating the all-time high of 12,253.77 reached in October 2007.