U.S. ECONOMY RECOVERING?

　　U.S. consumer sentiment set at a one-year high in February, as the American shopper takes the start of higher gasoline prices in stride.

　　Data from the Thomson Reuters/University of Michigan final reading for February shows that for the time being consumers are less worried about the impact of higher gasoline prices and more confident that a recovering jobs market will mean better economic times ahead.

　　According to the survey, a third of respondents said they were hearing of more job opportunities, that is the highest number on record.

　　Government statistics are fueling those labor market hopes: The unemployment rate surprisingly dropped to a three-year low in January and jobless claims touched a four-year low in February.

　　Consumers believe a stronger labor market will mean a stronger economy, strong enough to withstand a spike at the pump. (Conway Gittens/ Reuters)

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