Good Economic NewsGood economic news from Bankrate
Two key economic indicators signaled to investors this week that the economy might be coming out of the woods. Retail sales figures released Tuesday showed that consumers spent more in stores in February, as sales rose 1.1 percent compared to January. It may seem like a small change, but that’s the biggest gain in five months, according to figures from the U.S. Department of Commerce.
The economy added 227,000 jobs in February, according to a report released last week. While the unemployment rate remains high and stalled at 8.3 percent, the report shows the labor market has improved for three months in a row.