The dip in unemployment and job claims indicate optimism — but wages fell sharply for the majority of American workers last year in a way that they haven't since 2007.
The Federal Reserve's Beige Book is a review of economic trends in the country. The Fed's method of gathering data on the economy is pretty simple, though: Just calling around and asking.
Today's data on global manufacturing was better than expected. Combine that with slightly better numbers on unemployment and housing last month, and analysts think the economy is, well, better.