March 2019 in Review
Mixed Economic Signals Continue in March
U.S. economic data were mixed in March, although leading indicators signaled low odds of a recession in the coming year [Figure 1]. The Conference Board’s Leading Economic Index, an aggregate of ten leading indicators, rose 0.2% in February for its first gain in five months and 3% year over year.
February’s jobs report, released March 8, was disappointing at first glance. Nonfarm payrolls rose in February, but the headline number missed consensus estimates by a wide margin. However, the weak jobs gain followed the biggest two-month increa... Read more