Improving Job Market Driving Rebound in U.S. Growth: Economy

An improving job market and increasing factory production in March contributed to a jump in the U.S. index of leading indicators that signals the pace of economic growth is poised to snap back.

The Conference Board’s index, a gauge of the outlook for the next three to six months, rose 0.8 percent, the most since November, after a 0.5 percent gain in February, the New York-based group said today. The measure’s 6.1 percent advance over the past year is the biggest since July 2011.