Another Obama "Recovery Summer?"

Leading economic indicators point downward.

The index (SPX) of U.S. leading indicators unexpectedly fell in April, indicating the pace of economic expansion may cool. 

The Conference Board’s gauge of the outlook for the next three to six months decreased 0.1 percent after a 0.3 percent gain in March, the New York-based group said today. Economists projected the gauge would rise by 0.1 percent, according to the median of 49 estimates in a Bloomberg News survey. 

American employers added jobs at the slowest pace in six months in April, restraining the consumer spending that accounts for 70 percent of the world’s largest economy. Higher claims for unemployment benefits, a decline in building permits and weaker consumer confidence contributed to the decline.