Posted on 07/03/2014 1:30:59 PM PDT by Oldeconomybuyer
A surprisingly robust job market is energizing the 5-year-old U.S. recovery and driving the economy closer to full health.
"This has now become a textbook jobs expansion," said Patrick O'Keefe, director of economic research at the consultancy CohnReznick. "It is both broad and accelerating."
Several other signs point to the economy's brightening health.
Auto sales rose at the fastest pace in eight years in June. Factory orders picked up last month. And home sales strengthened this spring after having sputtered in the middle of last year when higher mortgage rates and rising prices hurt affordability.
(Excerpt) Read more at abcnews.go.com ...
Bull$#!t
Despite the fact that nobody believes these fake numbers, what exactly did obastard supposedly “do”, to “improve” the economy in order to claim credit for it?
Nobody in Big Media noticed that the economy SHRANK last quarter. It’s accelerating all right. Accelerating downwards.
“A surprisingly robust job market is energizing the 5-year-old U.S....”
A recovery that needs energizing 5 years after it has begun cannot by any measure be called a recovery.
Well, growth was down 2% last quarter, so if it’s down 1.5% this quarter, the economy will really be humming.
Brilliant! I'm calling this "the Thelma and Louise economy."
I ain’t a math......er’ real good at math...but some of dem figures don’t match up..at least I think.
Thanks!
I’m guessing the spike in part time jobs is due to highschoolers and college kids picking up Summer jobs.
But I was also poking out at BLS.gov and noticed that the number of people working part time jobs because they needed work and couldn’t find full time jobs increased by 275,000. So most of the 288k increase can be accounted for by the underemployed.
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