Good economic news: Leading indicators rise 0.9% in October

From USA TODAY:

…The Conference Board reported Friday that its index of leading economic indicators rose 0.9% last month, significantly faster than the revised 0.1% rise in September and the 0.3% increase in August.

The economy, after growing at an anemic pace of just 0.9% in the first six months of the year, grew at a 2.5% rate in the July-September quarter. Some analysts are looking for even stronger growth in the current October-December quarter.

But even the most optimistic forecasters are not predicting growth will rebound to levels that would make a significant dent in the unemployment rate, which has been stuck around 9% for the past two years…

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