Posted on 02/25/2005 7:40:47 AM PST by Lazamataz
WASHINGTON (AP) - The economy grew at a solid 3.8 percent annual rate in the final quarter of 2004 - stronger than previously estimated- and an encouraging sign that the business expansion was firmly entrenched at the start of the new year.
The new reading on gross domestic product, released by the Commerce Department Friday, was better than the government's initial calculation made a month ago. That estimate showed the economy growing at a 3.1 percent pace.
The improvement reflected more robust spending by businesses on capital equipment and to build up inventories of goods. The trade deficit also was less of a drag on fourth-quarter growth than initially thought.
GDP, the broadest barometer of the country's economic health, measures the value of all goods and services produced within the United States.
The new fourth-quarter GDP figure also was better than the 3.5 percent growth rate that economists had forecast in advance of Friday's release by the Bureau of Labor Statistics.
Although economic growth in the final quarter of last year was a bit slower than the 4 percent pace measured in the third quarter, the performance was still solid.
(Excerpt) Read more at apnews.myway.com ...
DON'T DO IT MAN! LIFE IS WORTH LIVING!
;^)
Ping
"Willie Green on suicide watch. ;^)"
Got that right.
Bush's fault!
Analysts are hoping that with the economy moving ahead solidly, companies will feel more inclined to step up hiring in the months ahead.This is a good time to ask for a raise.
Start sending memos to your boss every time you have an an exceptionally good performance, or a customer calls to thank you for your exceptional service.
After a couple of months, if the unemployment rate keeps dropping, you'll be ready to ask for the raise or look for greener pastures elsewhere.
LONDON (MarketWatch) -- Finance Minister Herve Gaymard resigned on Friday after less than three months on the job amid a scandal over his taxpayer-funded Parisian apartment and as the French unemployment rate rose to 10 percent. FTE
"French Finance Minister quits as jobless hits 10%"
Best news I've heard all week - even beter than the US Economic news reported on this thread.
Bwaaaa
HHhhhhhhhhaaaaaaaaaa
HAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
Yeah... It must really suck to be France, French, or "Old Europe" right now!!!
bump to send to my sad, liberal relatives!!
Is Little Tommy Daschle still deeply saddened by this kind of news?
Or is he happy since he's looking for a job now?
Couldn't happen to a nicer guy.....
DJIA... $10.8+ an smokin!!! (how 'boutcha roaddog, ya gotta copy, 10.4?)
4 on the floor out 'cher back door good buddy.
I'm lookin for the DJIA to go past 12K this year. Hopefully I'm underestimating here.
All the fundamentals are in place and solid.
He is leaving not because of the economy but because the Frog taxpayers paid for his shack up place, he was exposed for doing that.
That graphic just cracks me all the way up!!!
P.S.
Hay! Closer to home... How come you cain't order us up a rain free weekend after that 3-Day Presidents Day rainy wipe-out we had last week-end? Huh???
Yeah, but it's jobless growth.
Yeah, but they were low-paying jobs.
Yeah, but all the new jobs didn't offer healthcare.
Yeah, but 45M imaginary Americans have no healthcare.
Yeah, but Bush blew Clinton's budget surplus.
Yeah, but only the rich white Republicans profited.
Yeah, but blah, blah, blah...
So...so you mean John F'ing Kerry was wrong?
Hehe, thats gotta suck.
No it ain't! They've outsourced suicide hotlines to Bangladesh!
;-)
LOL LOL
The worlds gonna end and it's all Bush's fault!!!
Nooooooooooooo!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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