Tomorrow completes the first quarter of 2013 and it appears that the stock market will turn in it's best quarterly performance since 1998. The auto industry has regained it' s health, particularly the Detroit 3 and the housing market is beginning to show signs of a comeback.The number of Americans filing new claims for unemployment benefits rose more than expected last week.
The labor market is being closely watched by the Federal Reserve, which last week said it would maintain its monthly $85 billion purchases of mortgage and Treasury bonds to foster faster job growth.
Does anyone see something wrong with the second paragraph?
(Still haven't gotten around to changing my email address and registering but we'll make a point of doing that this weekend.)
The housing industry has been the missing ingredient in the recovery of jobs lagging other industries at about 16% unemployment nationally, much higher than that in certain areas.