I have used Ebay as a sort of barometer and see a real drop overall. A few things I interested in still get some activity which figures.
The unemployment rate has now dropped to 5.9 percent.
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One month before the election. Imagine that.
Just follow the 10 year treasury note . When the economy is really improving the Fed won’t have to keep suppressing interest rates.
There are two main streams of money for Monument dealers: NEW monuments and additional inscriptions on EXISTING monuments.
All through the last six years there have been small drops and returns to level in inscriptions. The Monument side has been steady. This year the monument side has dropped hard...that is people are leaving their loved ones graves unmarked for the time being. In 32 years this is a first. The next scary indicator will be a price drop at the dealer for new and existing.
According to the Bureau of Labor and Statistics, more people are LOSING THEIR JOBS and LEAVING THE WORKFORCE than there are jobs actually being created.
Weekly first time jobless claims (job losses) have been averaging @ 315,000.
Monthly job creation for just September was 248,000. That's over 1,417,000 people MONTHLY who lose their jobs, who then have to compete for the less than 300,000 jobs "created" in that same month.
This is not a "robust" economy, it's not even anything resembling a "recovery."
We have the lowest workforce participation rate in this country in well over 50 years. More people are dependent on some form of Government Benefit than there are people actually working.
This "economy" isn't sustainable. Anyone who believes we're in recovery or the economy is doing well is a FOOL.
Were it not for the 330,000+ people leaving the workforce each month, unemployment would be well over 10% and REAL UNEMPLOYMENT which counts those who are under-employed, unemployed and given-up would be well over 17%.
Finally, here's the most scary statistic I've found to date: 1 in 5 Working Americans has LOST THEIR JOB in the last 6 years and had to find new work. That's 20% of working American's have had their lives disrupted by job loss.
Of that 20%, more than HALF have yet to find meaningful full-time employment with any sort of benefits.
All this information is out there folks, the Bureau of Labor & Statistics, Forbes Magazine, Wall Street Journal, Investors Business Daily and others all talk about these numbers.