There is a good news after long time. US employment rate in February is under 9% . Unemployment rate for February is 8.9%. It was unexpected . A few days numbers of consumer spending were not good. But is a big relief for government .It is interesting to watch , will unemployment rate fall in coming month.
Crude oil reached above $100/barrel. Crude oil may effect economy.
Household income in January had risen 1%. But this was not converted into consumer spending . This was converted into saving. This saving was also positive for economy. More clarity will come in next quarter. Overall it is good news but would be better if it comes without tax cuts.
