Issues and events that shape Long Island's economic and legislative landscape.

Tuesday, September 27, 2016

LIA Monthly Economic Report - Signs of recovery for the U.S. economy

The U.S. economy is continuing to show signs of recovery. The pace of job growth has accelerated,
manufacturing activity remains strong and the housing market has shown signs of improvement.
Nevertheless, the recovery remains fragile and could be easily derailed. Rising oil prices are a
potential threat because they affect virtually all sectors of the economy. A worsening of the euro
zone debt crisis could also threaten America's economic recovery by affecting credit availability.
However, with the U.S. economy on a firmer footing than it was last year at this time, there is
reason for cautious optimism concerning future economic growth.

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