Growth: For eight years, economic indicators repeatedly came below forecasts. Now, there's been a string of reports — the latest one is on jobs — that have outperformed economist predictions. What's changed, we wonder?
The Bureau of Labor Statistics reported Friday that the economy added 235,000 jobs in February, when economists expected 200,000 new jobs. And that comes after January's 227,000 gain, which also beat economists' forecasts by a substantial margin.
That's not all. Other recent indicators have come in better than economists had expected.
Orders for capital goods were higher in December than forecast.
There were supposed to be 5.55 million existing-home sales in January. The actual number was close to 5.7 million — which was the highest level since 2007.
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