Survey: US Manufacturing Grew More Slowly March
The U.S. economy has proven surprisingly resilient in the face of tax increases that took effect in January and federal budget cuts that began to kick in March 1.
The government reported Friday that U.S. consumers increased spending in February as their incomes jumped. The University of Michigan's consumer sentiment index showed that Americans were feeling more confident about the economy at the end of March.
Underlying the improvement is a strengthening job market. Employers have been adding 200,000 jobs a month since November, twice the pace from last spring. Unemployment fell in February to 7.7 percent, lowest since December 2008.
Economists expect about the same level of job growth in March.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts