MtnBiker
Senior Member
http://www.reuters.com/printerFriendlyPopup.jhtml?type=bondsNews&storyID=5555716
Reuters must be partisan as well.
Reuters must be partisan as well.
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The creation of nearly a million jobs in the last three months ended years of worry about the slow recovery from the 2001 recession and cemented expectations the Federal Reserve will begin raising interest rates to head off inflation.
While 1.2 million jobs have been lost since Bush took office, that deficit could easily be erased if hiring continues at its recent pace, and talk of Bush being the president with the worst job record since Herbert Hoover has faded.
Friday's report is also expected to show a sixth straight monthly rise in hourly earnings, though the workweek will likely be unchanged at 33.8 hours, according to a Reuters survey of economists.
Longer hours and fatter paychecks are seen by experts as evidence the economy is on the threshold of even stronger job gains in the months ahead.
Lynn Franco, director of The Conference Board's Consumer Research Center, said the strong improvement in current business conditions propelled consumer confidence to the highest level since June 2002, when the indicator was 106.3.
The Present Situation index is now 104.8, up from 90.5 in May. The Expectations Index, which measures consumers' outlook over the next six months, rose to 100 from 94.8.
"Looking ahead, consumers expect the economy to continue to grow at a healthy clip and to continue to generate additional jobs," Franco said. "And, with prices at the pump beginning to ease, the short-term outlook remains favorable."
Originally posted by MtnBiker
http://www.reuters.com/printerFriendlyPopup.jhtml?type=bondsNews&storyID=5555716
Reuters must be partisan as well.
Originally posted by Hobbit
And, it's over to psycho for economics...OF THE FUTURE!!!
"Today, learn how George Bush is responsible for the loss of over 286 trillion jobs...INCLUDING YOURS!!!" cue scary news music
:clap1:Originally posted by Hobbit
And, it's over to psycho for economics...OF THE FUTURE!!!
"Today, learn how George Bush is responsible for the loss of over 286 trillion jobs...INCLUDING YOURS!!!" cue scary news music
Originally posted by Psychoblues
I don't call that anything to brag about. Economically speaking, of course.
Psychoblues
It's all lies. Everyone knows the economy is horrible, horrible, horrible. Bush ruined the economy and Kerry will fix it. :alco:The U.S. manufacturing sector has pulled itself out of one of its worst downturns to operate at its strongest in nearly 20 years and continues to add jobs as consumer demand improves.
insein said:Facts have a way of shutting psycho up real quick. He viewed this thread for a good 10 to 15 minutes after my post and then disappeared. Go figure.
MtnBiker said:It's happening again.
Kathianne said:He's a very slow reader? There seems to be several. Slow writers too! Not everyone can be like us, just shoot from the lip or fingers as it were. :funnyface
MtnBiker said:He is offline now but he was viewing the thread. It seems he is choosing not to respond to a topic he started.