|
NEW YORK (AP) - A strong job market appears to be propping up an economy suffering from slumping home prices and a slowdown in manufacturing, two economic reports suggested Thursday.
Industry research group The Conference Board said Thursday that its composite index of leading indicators, which is meant to project changes in the economy six to nine months in advance, slipped 0.5 percent to 137.3 in February after a revised 0.3 percent decline to 138 in January.
The drop in February, while expected, was the steepest since February 2006.
|