Rallying commodities and stocks, along with the predictions that factories and jobs will get a lot of orders are indications that the United States of America is enjoying a boost in economic terms. In contrast, the yen is getting weaker.
As mentioned, the economic strengthening is most apparent at the US industries incorporated more measures to improve the working conditions of their workers. This includes reduction in number of firings, advancements in private payrolls, and an increase in orders from the factories. In fact, the increase in payroll has been the highest in nearly 17 years.
In fact, this is not only happening in the US, but through most parts of the world. Some people were concerned that the debt crisis in Europe would stunt the economic growth around the world, but in fact, the opposite is predicted to happen. In the words of Tobias Merath from Credit Suisse Group AG, “the global economic recovery is continuing and most economic indicators are surprising to the upside.”
This economic booth is also evident in the fact that 70,000 jobs have been added for May, and that the number of jobless is significantly reduced. Advancement in commodities is also an indication for good economic health for the US. This includes increase in crude oil and General Motors Company and Ford Motor Company sales, among others.