Leading Indicators in U.S. Increase for Third Month
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The index of U.S. leading indicators rose in September for the third straight month, signaling the recovery will extend into 2011.
The 0.3 percent increase in the New York-based Conference Board’s gauge of the outlook for the next three to six months matched the median forecast of 57 economists surveyed by Bloomberg News. Another report showed the number of claims for jobless benefits fell last week to a level consistent with little improvement in the labor market.