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Thread: U.S. economy bounces back sharply

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    Re: US GDP Grows 4% in Q2, Beating Expectations

    Quote Originally Posted by Visbek View Post
    http://www.nytimes.com/2014/07/31/bu...=top-news&_r=0

    WSJ: U.S. Second-Quarter GDP Expands at 4.0% Rate - WSJ


    GDP growth exceeded expectations for Q2.

    • Personal consumption is up
    • Private inventory is up
    • Business spending is up
    • This month's rebound supports the idea that Q1 was down because of one-time factors (like bad weather)
    • Imports increased (this is actually a good sign)

    We should also note that:
    • Consumer confidence is at its highest point since 2007
    • The number of people who believe that "jobs are plentiful" is at its highest point since 2008, and confidence in availability of employment is rising
    • Unemployment is getting back to normal levels

    There are obviously still some challenges; the biggest is probably stagnant wages, including some erosion in low-income wages. However, as employment continues to improve, wages may also pick back up.

    What?

    Last month 523K full jobs were eliminated - while 799K part time jobs were created...for a probable net loss in hours worked.

    http://www.bls.gov/news.release/empsit.t09.htm

    On what planet is less hours worked and over 1/2 a million jobs lost an improvement?
    Last edited by DA60; 07-30-14 at 12:09 PM.

  2. #22
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    Re: US GDP Grows 4% in Q2, Beating Expectations

    Quote Originally Posted by DA60 View Post
    What?

    Last month 523K jobs were eliminated - while 799K jobs were created...for a probable net loss in hours worked.

    Table A-9. Selected employment indicators

    On what planet is less hours worked and over 1/2 a million jobs lost an improvement?
    Um, according to you, 523K jobs eliminated, while 799 were created...so that is an ADDITION of 276K jobs. How, exactly, does that result in a "probable net loss in hours worked"?

    That, and your reference proves your point not at all.
    “To do evil, a human being must first of all believe that what he’s doing is good" - Solzhenitsyn

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    Re: U.S. economy bounces back sharply


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    Re: US GDP Grows 4% in Q2, Beating Expectations

    Quote Originally Posted by Glen Contrarian View Post
    Um, according to you, 523K jobs eliminated, while 799 were created...so that is an ADDITION of 276K jobs. How, exactly, does that result in a "probable net loss in hours worked"?

    That, and your reference proves your point not at all.
    Sorry, I forgot to put in 'full time' (523K) and 'part time' (799K)...I changed them on the quoted post.

    Thanks for the heads up.

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    Re: U.S. economy bounces back sharply

    Didn't mean to post...

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    Re: U.S. economy bounces back sharply

    Quote Originally Posted by maximas View Post
    Didn't mean to post...
    We all know that.

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    Re: U.S. economy bounces back sharply

    Quote Originally Posted by WCH View Post
    Yep, expect glowingly good reports through the election cycle.
    Figures lie, and liars figure! Of course that is not exclusively a Democratic Party phenomena. Though that escapes the partisan.
    Killing one person is murder, killing 100,000 is foreign policy

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    Re: U.S. economy bounces back sharply

    Quote Originally Posted by maximas View Post
    Didn't mean to post...
    1 Post....lurker.
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    Re: U.S. economy bounces back sharply

    Quote Originally Posted by Montecresto View Post
    Figures lie, and liars figure! Of course that is not exclusively a Democratic Party phenomena. Though that escapes the partisan.
    Quote Originally Posted by maximas View Post
    Didn't mean to post...
    Please do...all are welcome.

    However...You can delete or edit
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    Re: U.S. economy bounces back sharply

    Deja Vu GDP Stunner: Over Half Of US Growth In The Past Year Is From Inventory Accumulation

    http://www.zerohedge.com/news/2014-0...y-accumulation

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