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Statistics |
| Unique Visitors: 21 |
| Total Unique Visitors: 2293451 |
| Visitors Out: 10040 |
| Total Visitors Out: 22672 |
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| Yes Florida, The Economy *IS* On The Mend |
| 2012-01-30 11:53:16 |
I happened across this article today and wish I could claim that I wrote it. Here is the opening...
Sen. Marco Rubio (R) of Florida delivered his party's weekly address on Saturday morning, and made a provocative claim about President Obama.
"The bottom line is this president inherited a country with serious problems," Rubio said. "He asked the Congress to give him the stimulus and Obamacare to fix it. The Democrats in Congress gave it to him. And not only did it not work, it made everything worse."
What a crock!
So have a look at the full article here and see the Rubio claim debunked soundly.
Not only has the U.S. economy grown for the last 10 quarters, but the workforce has ADDED jobs for the last 22 months straight.
Can we do better? Sure. Did Obama policies make things worse?
I don't think so!
Feel free to repost this story on your favorite social network...
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| Unemployment Claims Continue to Plummet |
| 2011-12-15 08:17:13 |
Fewer Americans filed for their first week of unemployment benefits last week. So few in fact, that the number of initial claims fell to its lowest level since May 2008.
About 366,000 people filed initial jobless claims in the week ended Dec. 10, the Labor Department said Thursday. That was a decrease of 19,000 from the prior week.
The report continues to signal that the unemployment rate will come down further in December. Even the most pessimistic of economists often look for the weekly tally to stay below 400,000 to signal that job growth is strong enough to lower the unemployment rate.
The drop in claims last week and the drop in the unemployment rate last month was the complete opposite of what a majority of economists had expected. (Remember the majority is always wrong?)
Feel free to repost this story on your favorite social network...
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| Job Openings Now at Highest Level in Over Three Years |
| 2011-11-08 23:59:01 |
The Labor Department announced on Tuesday that the number of positions waiting to be filled in the U.S. rose in September to the highest level in more than three years. Job openings increased by 225,000 to 3.35 million, the most since August 2008.
Hiring also advanced by 185,000 to 4.25 million.
Last Thursday the government announced that payrolls grew by 80,000 workers in October, and that gains in the prior two months were revised up, by nearly 102,000 positions.
In the 12 months ended in September, the recovery has now created a net 1.3 million jobs, from a gross total of 48.3 million new hires.
Feel free to repost this story on your favorite social network...
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| Weekly Jobless Claims Break Below 400,000 |
| 2011-11-03 22:57:12 |
Jobless claims continue to come down and this week initial claims fell 9,000 to 397,000. The four-week average is now also approaching the 400,000 level, down 2,000 in the week to 404,500. This level is more than 10,000 lower than the month-ago comparison and offers a positive indication for the October employment report to be released on Friday.
The report comes on the heals of an ADP report release Wednesday that showed October private payrolls rose 110,000 six digit growth that mirrored September's growth of 116,000.
The Wednesday Challenger Job-Cut Report also showed corporate layoff rates to be significantly subdued.
The doomsters have long pointed to a jobless claims level of 400,000 as the mark that indicates robust hiring is on the way... of course don't look for the perma-pessimists to change their tune even though the recovery has now produced this number.
The is no doubt however that if the jobless claims levels continue their current trends, that both private and gove...
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| Manufacturing Sector Growth Hits 29 Months in a Row |
| 2011-11-02 01:16:58 |
Manufacturing continues to be the shining star in this recovery. Several reports out this week underscore the fact that US factories continue to post solid results in a growing US economy.
The ISM report on business reported on Tuesday that their "PMI indicates growth for the 29th consecutive month in the overall economy, as well as expansion in the manufacturing sector for the 27th consecutive month. The past relationship between the PMI and the overall economy indicates that the average PMI for January through October (55.7 percent) corresponds to a 4.6 percent increase in real gross domestic product. In addition, if the PMI for October (50.8 percent) is annualized, it corresponds to a 2.9 percent increase in real GDP annually."
On Monday two region reports underscored the ISM report.
Very strong rates of monthly expansion in the Chicago area extended through October. The Chicago purchasing managers composite index came in at 58.4, well above 50 to indicate monthly expansio...
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| Remembering 1974 - Again! - DJTA Biggest Jump Since 1939 |
| 2011-10-28 23:34:45 |
This week stocks surged, extending the biggest monthly rally for the Standard & Poor’s 500 Index since 1974, and the euro strengthened as European leaders agreed to expand a bailout fund to stem the region’s debt crisis. The 20 percent monthly advance for the Dow Jones Transportation Average, a proxy for the economy, is the biggest since 1939. The S&P 500 rose to its highest level in almost three months and has rebounded 17 percent since Oct. 3.
In addition to remembering 1974, Economic growth strengthened in the third quarter and the component mix is more favorable than expected. GDP growth improved to a 2.5 percent annualized increase in the third quarter. The advance estimate matched market expectations for a 2.5 percent gain. (For once the majority was right!)
Optimism is clearly now appearing as the consumer sentiment index jumped to 60.9 compared to 57.5 at mid-month to imply a 64.3 level for the final two weeks of the month. The improvement the last two weeks is ...
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| Europe Uncertainty Plummets - Deal is Done |
| 2011-10-27 00:25:29 |
European Union leaders unveiled a deal early Thursday on debt crisis measures that includes a 50% loss on Greek bonds.
The agreement came at the end of a series of talks to finalize the details of a comprehensive policy response to the government debt and banking problems threatening the stability of the euro currency and global economy.
The deal will likely resolve three related problems: the debt crisis in Greece, instability in the banking sector and an under-capitalized bailout fund.
Under the new plan, Greek bondholders voluntarily agreed to write down the value of Greek bonds by 50%, which translates into €100 billion and will reduce the nation's debt load to 120% of economic output from 150%.
The agreement also calls for the creation of a new financing program with the International Monetary Fund worth up to €100 billion.
Stronger bailout fund: The leaders agreed on two ways to increase the firepower of the EU bailout fund, known as the European Financial Stability Fa...
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| New Unemployment Claims at 2-1/2 Year Low |
| 2011-02-12 17:29:56 |
No one can really deny that the job market is really starting to kick in now.
This past week provided economists a very positive jobless claims report for the February 5 week. It showed a steep 36,000 decline in initial claims to 383,000 for the lowest total in 2-1/2 years.
The Labor Department -- which released the report -- suggested in their comments that the latest level is likely free of seasonal or weather related distortions.
The four-week average, which helps even out weekly distortions, fell a very substantial 16,000 to 415,500.
Adding further fuel to the positive jobs report was the news on Friday that the Reuter's/University of Michigan's Consumer sentiment index continues to improve and is approaching its mid-year 2010 recovery high.
The two positive reports added an exclamation point to a week that begin by showing retail sales numbers skyrocketing into February.
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| Retail Sales Likely Skyrocketing into February |
| 2011-02-08 23:18:16 |
According to the ICSC-Goldman's retail sales report on Tuesday, same-store sales skyrocketed in the February 5 week, up 2.2 percent.
It was the largest weekly gain since the Easter surge of last March.
The year-on-year the rate jumped nearly one full percentage point to plus 2.5 percent.
The Redbook report, also released on Tuesday, was right in line with a measure that showed a 2.7 percent year-on-year same-store sales growth in the February 5 week.
Additionally Redbook offers a month-to-month comparison which registered a blistering 1.7 percent gain. Keep in mind that annualized that would point to a 20.4 percent retail gain in one year!
Early next week the government will post the January retail sales report amid most predicting a solid gain.
The economy accelerated at the end of 2010 as consumer spending climbed by the most in more than four years. Gross domestic product grew at a 3.2 percent annual rate, Commerce Department figures showed on Jan. 28.
And remember last w...
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| Job Cuts Lowest In January Since Report Began |
| 2011-02-02 22:30:12 |
On Wednesday the Challenger Job-Cut Report registered the fewest layoff announcements for any January since the measurement began in 1993. The Challenger Job-Cut Report is produced by Challenger, Grey & Christmas and tracks layoffs by industry and region.
According to the report, January 2011 cuts are down 46 percent from those announced in January 2010.
It is more common actually to see job cuts increase in January said John Challenger, CEO of Challenger, Gray & Christmas, said in the company's news release. "But what made this January figure so unusual is that it was so low. Even in the 1990s, when annual job cuts were relatively low, January still averaged more than 74,000 job cuts.", Challenger said.
In a separate positive report, payrolls among private employers rose by 187,000 in January, payroll processor ADP said. Analysts polled by Briefing.com were predicting 145,000 jobs added for the month and ahead of the Friday jobs report from the government, economists surve...
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