Finance & Enjoyment Blog

Key Indicators that Signal Progress Our Economy Is Rebounding

Believe it or not, according to the U.S. National Bureau of Economic Research, the keeper of such stats, the Great Recession that began in December 2007 officially ended in June 2009. In the nearly six-year span between then and now, many people and companies still struggled; however, that is changing! Some key indicators of economic progress look good, so it’s time to feel upbeat about the future and your personal wealth! Let’s dig a little deeper into the top three key economic indicators:

1. Employment Opportunities Abundant

According to the Bureau of Labor Statistics, more than 1 million jobs were created from November 2014-January 2015, the best three-month stretch since 1997. There has also been significant progress in the unemployment rates: settling in at 5.7% in January 2015, down from the post-recession peak of 10% in October 2009. There’s also great news for job-seekers. There are approximately 5 million open positions for job-seekers to grapple over, the highest level since 2001!

2. Consumer Confidence Is Up!

It’s probably not shocking that when people have jobs and can count on a regular paycheck, they are more apt to spend money on more want-to-have items and experiences. Since many have endured long periods of unemployment, they may have avoided vacations and have delayed other purchases in recent years, but with a regular paycheck, consumer confidence is on the rise. A recent Consumer Confidence Survey shows that during the fourth quarter of 2014, consumer spending grew at the fastest pace in more than eight years surging to its highest level since August 2007.

3. Good Real Estate Market = Good Economy

Economists evaluate the New Residential Construction Report from the U.S. Census Bureau, and the Existing Home Sales Report from the National Association of Realtors as leading indicators of economic progress. Since people who make a move into a new home also typically spend money on new home furnishings including appliances and furnishings, a good real estate market is often a boost to the economy. Housing starts are improving from the low of 500,000 in 2009 to 1.065 million in January 2015.

How to Use this Information

Although the overall health of the U.S. market is dependent on many factors, there’s no doubt good news in employment, consumer confidence and the real estate market tends to be good news for all of us! We invite you to schedule an appointment with us to discuss how we can help you attain a secure financial future regardless of economic conditions. Please call us at 303-815-1100 or contact us online!

What are things you experienced recently that make you believe the economy is healthy?

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