| 11:11 AM EST

Encouraging Economic News from The Conference Board

Share

Facebook Share Icon LinkedIn Share Icon Twitter Share Icon Share by EMail icon Print Icon

“These job gains are comparable to what we’ve seen following other deep recessions, suggesting that U.S. business has become more confident that the recovery is sustainable. Manufacturing jobs are returning to a significant extent, and construction employment turned the corner in the previous two months. The key factor this spring will be continued gains in service-sector employment beyond health and education.

Continued employment gains of this size could put the economy on a solid 3 percent growth track and — if productivity growth stays up – T even boost it to 3.5 or 4 percent.”

--Bart van Ark, chief economist, The Conference Board, May 7, 2010

Throw in the recent improvements in auto sales compared with 2009, and things seem to be moving in the right direction in terms of jobs and the ability to buy new cars and trucks.

“The 224,000 gain in jobs (excluding the 66,000 additional workers on the census) in April is very welcome news. It clearly shows that this economic recovery can no longer be seen as a jobless one. Following three quarters of growing production, companies apparently find they can’t squeeze out any more output without adding workers. This underscores yesterday’s news that Q1 productivity growth slowed to a healthy 3.6 percent following the staggering rate of above 7 percent on average in the previous three quarters.

Related Topics

RELATED CONTENT

  • COVER STORY: Engineering the 2017 Honda CR-V

    It’s the fifth generation of a vehicle that has been increasing in sales year after year since its introduction in 1997.

  • 2016 Prius: The Fourth Generation

    The little car that could still can. And this time as a car that not only gets great fuel economy, but which has ride and handling that makes it more than an econo-box (and its styling is anything but boxy).

  • Truck vs. Truck; Steel vs. Aluminum

    According to Sandor Piszar, Chevrolet truck marketing director, “We engineer and build our trucks with customers’ expectations in mind.”