October: Delta left behind and U. S. economy improves

Americans welcome winter weather as temperatures drop, but the market is getting warmer and even hotter.

The U. S. economy is boomed after the Delta wave had caused considerable recovery slowdown in August and September. October is witnessing progress on multiple fronts recording overall gains.

Americans are spending more. Several signs point to a stronger recovery nearest the end 2021. These signs include spending rebounding everywhere.

There is strong growth in sales of goods, particularly in the electronics, merchandise, and home renovation sectors. Retail sales are expected to climb 0.2% in October according to Credit-card data. That would place sales just above record highs and mark a third straight monthly gain.

Factories represent the second sign as they are sorting out their backlogs. Stronger spending is a good sign for the recovery despite supply chain issues.

The third sign is found in the labor market which is rebounding again. Though the labor market remains far from healed, October should mark a turning point for US hiring. Recovery powers much stronger job creation; estimates of 631,000 payrolls were added in October.