Recent economic indicators are looking positive.
- US stock markets are at with levels not seen since 2008 with the Dow flirting with 13,000.
- The US Labor Department said that seasonally adjusted new jobless claims is the lowest since March of 2008.
- Per the Commerce Department homes for sale (inventory) is under 6 months – and the lowest level in the last 6 years.
- A survey by Rueters/University of Michigan shows that consumer sentiment is at the highest in a year.
All that is good, but as has been the case recently the information is still mixed. Home sales at 321,000 units is less than half what a healthy real estate market should be and prices continue to decline. Employers are still not hiring at any significant levels. Finally, oil and gasoline prices have spiked and could threaten the weak recovery.
What does that mean for your particular business? The short answer is that there is opportunity out there – but you’ll have work hard to find it and even harder to make it grow – but it is out there.
Go for it.