This preview shows page 1. Sign up to view the full content.
Unformatted text preview: n Post, 6-21-12 [“Measure of US economy rose 0.3 percent in May, the 7th increase in 8 months”,
Associated Press, June 21, 2012, lex/nex]bg
A measure of future U.S. economic activity rose in May to the highest level in four years, a sign the economy will
keep growing but at a modest pace. The Conference Board said Thursday that its index of leading economic
indicators rose 0.3 percent last month, after a 0.1 percent drop in April. April’s drop was the first in seven months. The index is now at
95.8. The last time it was higher was June 2008, six months into the Great Recession. Prior to the recession, the index routinely topped 100. Other
figures released Thursday, however, suggest the economy is softening. Weekly applications for unemployment benefits were little changed last
week from a level that signals weak job growth. And factory activity in the Philadelphia region contracted for the second straight month,
according to a survey by the Philadelphia Federal Reserve Bank. Seven of the ten components of the...
View Full Document