U.S. Economy: Retail Sales Climbed in August

Discussion in 'Economy' started by rdean, Sep 14, 2010.

  1. rdean
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    rdean rddean

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    Some 723,000 workers have been added to payrolls so far in 2010, or 8.6 percent of the 8.4 million jobs lost during the worst employment slump in the post-World War II era. The jobless rate is forecast to stay above 9 percent through 2011, according to a Bloomberg survey taken Sept. 1 to Sept. 9.

    “Even though the economy is growing again,” President Barack Obama said at the White House on Sept. 10, “the hole the recession left was huge and progress has been painfully slow.”

    Obama has proposed extending middle-income tax cuts while letting the top rates rise, and wants to spend at least $50 billion as part of a six-year program to improve transportation infrastructure and create jobs.
     
  2. Tom Clancy
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    Tom Clancy Clancy for Ron Paul

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    There's your problem.
     
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  3. topspin
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    topspin BANNED

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    yeah but Obama is a MUSLIM
     
  4. Tom Clancy
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    Tom Clancy Clancy for Ron Paul

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    :eusa_eh:

    ..ok?
     
  5. Trajan
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    Trajan conscientia mille testes

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    what does the op test have to do with the title?

    and since you mentioned it, and you don't have a link how many of these 700k jobs were census jobs that have then been let go? Or will continue to be let go?

    and as far as these 700K jobs how much per job did we spend to 'create' them btw?
     
  6. asterism
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    asterism Congress != Progress

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    I remember when a million jobs added in a quarter with 6% unemployment was considered bad by the press. What changed?
     
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  7. 8537
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    8537 Senior Member

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    Private sector jobs.
     
  8. uscitizen
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    uscitizen Senior Member

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    It's Bush's fault!
     
  9. Toro
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    Toro Diamond Member

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    Private sector jobs have been growing at a clip of about 100k a month this year.

    There has been a divergence between the household survey and nonfarm payrolls. There are many divergences in the data sets. That means we are at an inflection point in the economy. Either we are going to accelerate or decelerate. I thought we were going to decelerate but the stock market is acting like we are going to speed up.
     
  10. KissMy
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    KissMy Free Breast Exam

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    ? Looks like markets think quantitative easing inflation is speeding up, not necessarily job creation. Have you seen the new high gold & silver made today? We are still at an inflection point with no catalyst & the yield curve is being smashed. WTF is up with Nucor's single stock flash crash today? Stocks are not headed higher at a faster rate than true inflation.
     

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