The US economic situation appears to be stabilizing, and some signals actually look good, almost to the point of economic growth.

Let’s quickly go to the charts.

First is today’s jobs report. The monthly gain was clearly the best in several months. Sure it wasn’t great, but the best in 4 months is a nice turnaround and a relief for The President.

Next up is initial jobless claims, which come out every week. After a brief scare a few weeks ago, the general trend is once again down.

Next is car sales. Again, best month in awhile, reversing a three month deceleration.

Another key measure, according to modelists is personal income – Real Personal Income growth had been slowing all last year, but is now rising.

Rail data is now accelerating after weakness earlier in the year.

And then finally, a look at the stock market data.