The goods production side of the economy continues to recover, consumption jumps, while other indicators faltered. Some key indicators followed by the NBER Business Cycle Dating Committee. Figure 1: Nonfarm payroll employment (dark blue), Bloomberg consensus as of 2/26 for February nonfarm payroll employment (light blue square), industrial production (red),  personal income excluding transfers in … Continue reading Business Cycle Indicators as of 26 February: Consumption Rebound