U.S. Industrial Production Rises More than Forecast

Industrial Production Rises More Than Forecast – Bloomberg.

The figures lump together factories, mines, and utilities so I do not consider this a very reliable statistic. Why are utilities output, such as power plants, considered industrial production? The weather changes can lead to ups and downs which do not reflect the health of the economy.

Housing market could experience a modest rebound but it is to be hit by a new wave of foreclosures.

Retail sales are modestly up. So are exports as demand for U.S. made goods increases abroad.

The New Jersey Department of Labor however has not published any employment data for the months of September and October, signaling that the jobs picture of the Garden State may not be rosy.