HUFF POST / IBT TIMES: …The government report released Thursday reveals notable declines in initial and continued employment claims, and the news was joined by a report that wholesale inventories in October jumped the highest in five months, signaling that businesses are also in a recovery mode with higher consumer demand.
Inventories grew 1.6%, the biggest jump since May. Also, a government report on Monday said that manufacturers increased inventories by 0.9% in October, showing they expect more business activity.
“The recovery is picking up some momentum. We still have a long ways to go, but this is very consistent with a recovery that has shown a little bit more resilience in the second half of the year,” said Paul Ballew, chief economist at Nationwide Insurance in Columbus, Ohio, in an interview with Reuters.loy … (more)
