Consumers give economy a lift
WASHINGTON (AP) – A flurry of data issued Thursday sketched a brightening view of the U.S. economy in the final days before a presidential election that will pivot on the strength of the recovery.
Cheaper gas, rising home prices and lower unemployment have given consumers the confidence to spend more. And retailers, auto dealers and manufacturers are benefiting.
At the same time, many employers remain anxious about the economy, which is why only modest hiring gains are forecast for Friday’s jobs report for October. It will be the last major report on the economy before Election Day.
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