Every month generates a seemingly inconsistent series of economic indicators that send mixed signals. Yet, the fundamentals of the U.S. economy remain strong, including America’s world-class productivity levels and growth, and long-sought price stability. As Alan Greenspan noted in recent testimony to the Joint Economic Committee (JEC), the U.S. economy has shown “extraordinary resilience” enabling it to weather a series of economic storms that might have plunged a less flexible economy into deep recession. This report highlights a number of positive trends that have developed throughout the last few years, despite remaining challenges in some sectors of the economy.