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Good news Friday…a robust economy and optimistic consumers

In out continuing effort to keep a positive outlook, we once again bring you news to brighten the day.

today – the economy – which is doing quite well, thank you – driven by rising wages.

First up – the US economy is “very strong – last quarter it grew 3.2%, a very good rate indeed.

Consumer incomes jumped 1.0 percent…”in January, aided by higher dividend payments and the annual cost-of-living adjustment in Social Security.”

and…”consumers have also become more optimistic about the economy, surveys show

Those factors likely helped drive new home sales up almost 2 percent year-over-year. This helps the construction industry and employment of tradespeople, durable goods such as appliances and HVAC and home goods.

from MarketWatch core inflation dropped to 2.8% in the 12 months ended in January. (PCE is personal consumption expenditures) – graph from US BEA

What does this mean for you?

Better economy = more jobs + higher wages + lower inflation = more disposable income = more jobs…

Joe Paduda is the principal of Health Strategy Associates



A national consulting firm specializing in managed care for workers’ compensation, group health and auto, and health care cost containment. We serve insurers, employers and health care providers.



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