The three things that most concern consumers are jobs, jobs and jobs.
The strong signal from the indicators means that the recession could be over soon. Three successive monthly increases, each larger than the one before, bring the level of the leading series above the pre-recession peak.
The combination of three bucks a gallon for gas and what the rest of the country is looking at on TV and hearing about and reading about certainly are not positives.
The Leading Economic Index, however, rose sharply in three of the last four months. That could be a signal of a faster pace this spring.