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“I think people no longer have to whisper about the recovery, they can actually say it out loud in conversation,” quipped Katy Bardaro, the lead economist at PayScale.
Of course, conservatives can't wait to dispute the above.
Well, I know they've been pinning their hopes on gas prices undermining the recovery but it looks like they are going to be disappointed. Gas prices seem to have peaked without too much damage being done - AND it's even had a silver lining by boosting demand for new (ie higher gas mileage) cars.
"It feels counterintuitive. Expensive gasoline not only helped propel new-vehicle sales in the first quarter. It was a key factor in the surge.
But customers aren't flocking from big trucks to small cars as happened four years ago when fuel prices spiked. Instead they are shopping within the same segments and snapping up newer models that get better fuel economy."
"The ratio of job openings to the number of unemployed people in a particular city is improving: In March, 11 out of 50 cities on Indeed.com’s Job Market Competition list have a one-to-one ratio, that’s up from just four cities that had those ratios a year ago. (The national average is 3.7 people for each available job, according to the Labor Department.)"
Along with car sales, airplane sales and many other items.
Thanks for doing YOUR part to boost the economy.
Ken
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