Business

State of the US economy: strongest since recession

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WASHINGTON — The U.S. economy is showing more strength than at any time since the Great Recession began six years ago.

Employers are hiring. Home prices, sales and construction have surged. Corporate profits and stocks have hit records. And consumers have picked up their spending.

The economy has yet to fully recover from the most devastating crisis since the Great Depression. But it’s getting closer — a point President Barack Obama was expected to highlight in his State of the Union address Tuesday night.

By the middle of this year, after years of steady but sluggish improvement, the United States is expected to have finally regained all the 8.7 million jobs lost during the recession, which officially ended 4½ years ago.

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