Some clues about whatâ€™s going on in the U.S. economy are starting to emerge after weeks of confusion sown by Hurricane Sandy. And it doesnâ€™t look all that great.
The superstorm severely distorted key economic indicators over the past month and it probably will do so again with this weekâ€™s headline report on job creation in November. Economist forecast a small net gain in new hiring: 75,000.
Yet buried within the recent array of economic reports is sufficient evidence to point to a slower pace of U.S. growth.
Investors will search for further hints in other reports this week on manufacturing orders, auto sales and consumer sentiment. At the very least, they hope to see a steady-as-she-goes trend in these numbers.