Existing-home sales posted another record and the U.S. economy continues to show positive signs as the 3rd quarter real GDP was revised upward for the second month in a row to 4 percent.
Several variables reversed their negative trends from prior months. Consumer confidence jumped sharply after five months of declines. Lower energy prices, a rebound in the stock market and positive job growth probably contributed to this very positive turnaround. Businesses continued to add jobs in November, as payrolls are now 1.6 percent larger than one year ago.