Posted on 01/13/2011 9:30:04 AM PST by Kartographer
U.S. jobless claims jumped to their highest level since October last week while food and energy costs lifted producer prices in December, pointing to headwinds for an economy that has shown fresh vigor.
However, a surge in exports to their highest level in two years helped narrow the U.S. trade deficit in November, an encouraging sign for fourth-quarter economic growth.
Despite a string of recent data that had signaled a pickup in the economy's momentum, the figures on Thursday showed the job market continues to struggle.
The number of Americans filing for first-time unemployment benefits rose unexpectedly to 445,000 from 410,000 in the prior week, a Labor Department report showed. It was the biggest one-week jump in about six months and confounded analyst forecasts for a small drop to 405,000.
(Excerpt) Read more at news.yahoo.com ...
Prices on necessities, food, and energy have increased. Prices on “thrill” items remain the same or go down as there is too much supply and not enough demand for them.
So you say you want a Revolution well you know.....
Well, the rich can always eat.
Have you tried finding 8 matching semi drive tires lately? We had to go two states away to find'm. ...and the price........
i can find them in Cincinnati. But,ouch, ‘the price’ is right!
Good thing they licked that deflation. Who would want decreasing or constant food and energy prices when you are out of a job? Let’s inflate our way out of this recession.
I dunno how but they will find a way to blame it on Palin
This economy sucks big time. Private sector is barely staying alive. Hopey changey is failing miserably and the knuckleheads on the East Coast just don’t get it.
on the bright side, once it becomes too cost prohibitive to truck liquids across the country, the price of steak will fall for awhile...do i really need a /s ???
soon we wont be able to afford to work...its a ‘win/win’...
There is always food stamps.
how long before we get the new obambambabwe dollars ???
” Good thing they licked that deflation. Who would want decreasing or constant food and energy prices when you are out of a job? “
LOL!!
I just priced a new set, $600 for 4 that I bought two years ago for $400. That is at Sam’s Club and not a tire store.
How much actual money supply inflation is there?
If banks don’t loan, then the money supply doesn’t grow, right? And that’s what I keep hearing on the TV: the banks are sitting on their “cash”.
As for food and oil price increases, why isn’t that due to increased demand?
Looks like an Obama voter!
That is explained in the title. Employment is down, yet food and oil prices are skyrocketing. The demand will come when more people are employed, then you will see serious inflation eventually killing the recovery.
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