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Hiring Plans Positive for U.S. Jobless, Stocks: Chart of the Day

Companies are showing enough confidence to pave the way for falling unemployment and rising stock prices, according to Tobias Levkovich, Citigroup Inc.’s chief U.S. equity strategist.

The CHART OF THE DAY features an indicator he used to draw the conclusion in a March 30 report: an index of small-business hiring plans, as compiled each month by the National Federation of Independent Business.