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Economic activity was about flat or up streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Economic activity was unchanged, on balance, since early July streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
That s good news. we ll have decent jobs growth for now for the next few months into the summer. the problem is cycles turn. we can t extrapolate that off into the sunset. for most of us the numbers get confusing when we get caught up in it. economists saying a strong report with unemployment rising. what are most important numbers that we all really need to follow over the coming months? the key thing in here from my perspective is that the service sector is starting to produce jobs. five out of eight of us work in nonfinancial services. we re not in the finance sector which can get jumpy and we re not in manufacturing or farming. most americans work in nonfinancial services. it s that part of the economy that s adding jobs and it s a good thing. it can move the dial on the country. the problem is, of course, and this is a constant refrain, we loss so much during the recession it will take time. even if we re getting decent ....
With a slowdown. everybody was freaking out. it was a double dip recession and all the things that were being thought about. here you see in sharp contrast, a nice revival in the pace of growth, and that s lifting jobs growth as well. very importantly, service sector, private sector service jobs. that s where we all work. 5 out of 8 americans work in nonfinancial services. that s the backbone of employment. so that 230,000, you re looking at it saying that s good news, really good news. absolutely good news. when you see the reporter was just mentioning you dropped a percentage point from 9.8 four months ago to 8.8, that s very fast. that s blistering fast. how big a deal is this down tick of 0.1%? big deal to you? i think it s confirming what the leading indicators have said. the critical thing is what the forward looking indicators are saying. on the economy, this revival, which has been going on since the beginning of the year resilient. people were worried about the middle ....