What the NFL season is saying about the US economy
Forget Friday's employment report. A better economic indicator just might be the one that kicks off Wednesday night: the National Football League.
Although attendance at NFL games last season was down, some major markets such as New York, Dallas and Boston showed improvement—indicating the US economy is recovering, according to an analysis by ConvergEx that came out Wednesday.
Even so, ”it’s likely the American upper-middle class is still feeling the pinch from a weak economy,” ConvergEx said.
The software and technology services firm believes NFL attendence is an unusual but accurate bellwether of economic activity. So as the New York Giants and the Dallas Cowboys prepared to face off on Wednesday night, the firm sifted through a combination of ticket prices, sales and fan demographics to take the pulse of the U.S. economy.
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