US construction spending continues to grow at a steady pace

30 Mar 2014 by Jim Fickett.

The value of construction put in place in the US, as measured by the Census Bureau, continued to grow at a steady and fairly normal pace through January:

Given that construction, heavily dependent on the cost of financing, is booming, while jobs, dependent on solid, healthy growth, are barely growing, it seems fairly clear that the economy is artificially supported by the Fed's low interest policy, which cannot continue forever. Yes, we are still in a recovery. No, it is not a very healthy one.