OSCUMBO's revised economy.. Unemployment up, housing down, foreclosures up, income down, Printing Money for the banks UP, taxes Up, Food prices UP, Energy costs UP
iamnothere
2012/07/19 20:23:13
Revised economy.. Unemployment up, housing down, foreclosures up, income down, Printing Money for the banks UP, taxes Up, Food prices UP, Energy costs UP, Retail sales down .. consumer confidence dropping like a stone
What the Lame stream media never report is the revisions to the Unemployment numbers. Every month these numbers are revised upwards.. These people act as though adding trillions in unfunded spending is the worlds best thing..
Then they seem to be wondering as they write their left wing missives by omission why cities are going bankrupt.
Why anyone with a brain and a heart would desire to vote this man back into office is beyond me.
The number of Americans filing new claims for unemployment benefits rebounded last week, pushing them back to levels consistent with modest job growth after a seasonal quirk caused a sharp drop the prior period.
Initial claims for state unemployment benefits increased 34,000 to a seasonally adjusted 386,000, the Labor Department said on Thursday. The prior week's figure was revised up to 352,000 from the previously reported 350,000.
Economists polled by Reuters had forecast claims rising to 365,000 last week. The four-week moving average for new claims, a better measure of labor market trends, fell 1,500 to 375,500.
Claims data is volatile in July because of the timing of the annual auto plant shutdowns for retooling.
Automakers are not embarking on wholesale plant shutdowns, throwing off the model that the department uses to smooth the data for typical seasonal patterns.
A Labor Department official said they were still experiencing volatility related to the auto layoffs that usually happen at this time of year.
Last week's claims data covers the period for the July payrolls count. The four-week average of new claims dropped 12,000 between the June and July survey periods, suggesting a modest improvement in nonfarm payrolls.
The labor market has suffered three months of sub-100,000 job growth as the economy slowed amid a cloud of uncertainty spawned by fears of sharp contraction in fiscal policy and debt problems in Europe.
Federal Reserve Chairman Ben Bernanke told policymakers on Wednesday that the U.S. central bank, which last month expanded its efforts to spur the economy, would take additional action if officials concluded no progress was being made towards higher levels of employment.
The number of people still receiving benefits under regular state programs after an initial week of aid edged up 1,000 to 3.31 million in the week ended July 7.
What the Lame stream media never report is the revisions to the Unemployment numbers. Every month these numbers are revised upwards.. These people act as though adding trillions in unfunded spending is the worlds best thing..
Then they seem to be wondering as they write their left wing missives by omission why cities are going bankrupt.
Why anyone with a brain and a heart would desire to vote this man back into office is beyond me.
The number of Americans filing new claims for unemployment benefits rebounded last week, pushing them back to levels consistent with modest job growth after a seasonal quirk caused a sharp drop the prior period.
Initial claims for state unemployment benefits increased 34,000 to a seasonally adjusted 386,000, the Labor Department said on Thursday. The prior week's figure was revised up to 352,000 from the previously reported 350,000.
Economists polled by Reuters had forecast claims rising to 365,000 last week. The four-week moving average for new claims, a better measure of labor market trends, fell 1,500 to 375,500.
Claims data is volatile in July because of the timing of the annual auto plant shutdowns for retooling.
Automakers are not embarking on wholesale plant shutdowns, throwing off the model that the department uses to smooth the data for typical seasonal patterns.
A Labor Department official said they were still experiencing volatility related to the auto layoffs that usually happen at this time of year.
Last week's claims data covers the period for the July payrolls count. The four-week average of new claims dropped 12,000 between the June and July survey periods, suggesting a modest improvement in nonfarm payrolls.
The labor market has suffered three months of sub-100,000 job growth as the economy slowed amid a cloud of uncertainty spawned by fears of sharp contraction in fiscal policy and debt problems in Europe.
Federal Reserve Chairman Ben Bernanke told policymakers on Wednesday that the U.S. central bank, which last month expanded its efforts to spur the economy, would take additional action if officials concluded no progress was being made towards higher levels of employment.
The number of people still receiving benefits under regular state programs after an initial week of aid edged up 1,000 to 3.31 million in the week ended July 7.
Top Opinion
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+5$3.50 per gallon gasoline, $5.3 Trilllion in added Debt, 23 Million unemployed and 46 Million Americans on Food Stamps are fact.
We have a Toyota plant here in Alabama, so is that a foriegn car?
I would buy the Toyota from Alabama or Indiana before buying an all foreign manufactured car.
But in Japan, if there is a problem, with ANYTHING, the Assembly line is stopped until that problem is corrected. Then it starts up again. In MIch. at the Big Three, they just continue on, IF they even realize there IS a problem.And half of those workers, are either plastered or sobering up. No thanks.
I have worked as a contractor in all the car plants in the U.S. foreign or domestic, I have seen impaired people in all of them. That is an unfortunate condition of most of America's businesses, not just car plants.
Japan did not do to good of a job on those runaway throttles...