Via "Reuters":
Manufacturing in the U.S. Mid-Atlantic region surged well beyond Wall Street expectations in August and unemployment lines were shorter last week, lending renewed vitality to hopes for stronger growth ahead.Geez, what a bummer.
In a sign that the nation's long-slumping factories may be finally gearing up for a sustained recovery, the Federal Reserve Bank of Philadelphia said its monthly industrial gauge leapt to 22.1 in August from 8.3 in July. The jump far exceeded economists' expectations of a rise to 9.9.
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