Economy hits the sweet spot

There are reports that showed solid growth in the job market and surprising improvement in manufacturing. And despite some weak recent reports from retailers, consumer spending continued to grow, keeping that key driver of the economy in gear. Consumer spending fuels nearly three-quarters of the economy. But there was enough softness in consumer prices, home sales and income growth to calm any concerns about inflation. There are companies that has fast job growth. a last report show that the economy grew at the lowest pae in five years in the first quarter. Report showed that prices paid by consumers for goods other than food and energy rose less than expected, putting the so-called core PCE deflator up just 2.0 percent over the last year.

http://money.cnn.com/2007/06/01/news/economy/jobs_may/index.htm?postversion=2007060112