The Economic Train Is Taking All This Incredible Economic News & Using It To Pick Up Passengers As It Steams Across Our Country!

The Economic Train got a great jolt yesterday when the 4th Quarter real GDP for 2017 was revised up from 2.5% to 2.9%. However, the economic news from today is taking the Train into an even higher gear as it continues to steam along.

From the article linked above:

More and more manufacturers are taking advantage of tax reform and an improving business climate to grow their business and expand their facilities. Companies like Lockheed Martin and Honeywell International have announced major investments so far this year. Smaller manufacturers like Ohio-based Sheffer Corporation or Pennsylvania-based H&K Equipment have unveiled plans to invest in their businesses and their workforce as well.

Carpenter Technology, a leading producer and distributor of premium specialty alloys based in Pennsylvania, revealed plans this week to invest $100 million to expand its manufacturing facility in Reading, Pennsylvania.

From the article linked above:

The Survey of Consumers, a closely-watched gauge of consumer sentiment, was slightly off the mid-month reading but still at the highest since 2004. The Current Economic Conditions Index, at 121.2, was also down from the mid-month but still sets an all-time record high.

From the article linked above:

McDonald’s, citing the new U.S. tax law and the tightening job market, is expanding its 3-year-old education benefits program, tripling the amount of money some workers can get each year to help pay for college or trade school tuition.

McDonald’s said Thursday restaurant crew members will be able to get up to $2,500 per year for tuition, an increase from $700. Managers can receive up to $3,000 per year, an increase from $1,050.

The company said it has set aside $150 million over five years to pay for the program.

From the article linked above:

The Bureau of Economic Analysis (BEA) report on personal income and outlays show wages and salaries posting solid gains for the fourth straight month.

Personal income increased by an estimated $67.3 billion (0.4%) in February, disposable personal income (DPI) increased $53.9 billion (0.4%) and personal consumption expenditures (PCE) increased $27.7 billion (0.2%).

From the article linked above:

The Labor Department said initial jobless claims unexpectedly declined by 12,000 to 215,000, easily beating the forecast for the week ending March 24. It’s the lowest level since January 27, 1973 when it was 214,000.

The previous week’s level was revised down by 2,000 from 229,000 to 227,000.

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