From Ezra Klein’s Wonkbook this morning…

The economy saw a string of good news this week. “In the past few days, a handful of economic indicators have offered some reasons for cautious — very cautious — optimism. The labor market appears to be strengthening somewhat. Exports have surged of late. And the U.S. housing market, which has long hobbled the economic recovery, is showing glimpses of improvement…On Thursday, the Department of Labor reported that the number of people who were newly filing for unemployment dropped to 361,000 last week. This was better than economists expected…All in all, there are a few encouraging signs. But will they be enough to get the U.S. economy out of its rut–especially with the rest of the world still struggling? That’s less clear. Almost right on cue, the spat of good news Thursday morning in the United States was greeted by troubling signs elsewhere in the world.” Brad Plumer in The Washington Post.

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