Posted on 03/31/2010 1:04:48 PM PDT by NormsRevenge
Meanwhile..
Factory orders rise for 10th time in 11 months
Factory orders rise modestly in February as manufacturing powers economic recovery
http://finance.yahoo.com/news/Factory-orders-rise-for-10th-apf-1928170236.html?x=0
Christopher S. Rugaber - AP Economics Writer, 3/31/10
WASHINGTON (AP) — Factory orders rose in February, bolstered by strong demand for industrial machinery and commercial aircraft. It was the 10th increase in 11 months as manufacturing continues to provide crucial support for the nation’s economic recovery.
“We’re not a red-hot economy,” said Tim Quinlan, an economist at Wells Fargo. “But the recovery is still plodding along.”
Manufacturers, which were hit hard by the recession, are benefiting from overseas orders and increased business spending on capital equipment. Quinlan estimates that factory orders fell by about 25 percent during the recession but have recovered about one-third of that amount since last spring.
Greens shoots - as long as you don’t depend on the U.S. market.
Economists surveyed by Thomson Reuters had forecast the report would show private employers added 40,000 jobs during the month.
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When is the last time the private sector added jobs? That is ridiculous. What the heck is going on with economists in these estimates? Have the fascist “libs” in the universities driven out all the economists that actually function in the real world? Only libs left? No connection to reality? Ack.
ADP better get in line before Henry Waxman HFIC (Head Fascist In-Charge) calls them to the Hill to explain themselves.
Sadly, yes. I have several close friends who graduated from top notch business schools (i.e. Wharton), and they are the most in-the-tank Dems I’ve ever met. My friend Wexler once said that statistics are worthless since their value is contingent on the reader. They’re going to manipulate numbers to the point of being positive only for the aspirations of our new Communist White House.
“Economists surveyed by Thomson Reuters had forecast the report would show private employers added 40,000 jobs during the month.”
Wrong, economist’ concencus had forecast a job increase of 50,000
http://exposingtheleft.blogspot.com/2010/03/adp-23000-private-sector-jobs-were-shed.html
Yes, one can be manipulated by the Obama administration, and the other cannot. I'll let you decide which is which.
Gold and Oil are not doing too bad...
I would expect to see some job creation start to occur over the next few months. I will be surprised if it doesn’t happen. If I am wrong, however, and this unemployment trend continues into the warm sunshiney months, this country is going to be absolutely screwed and it will be proof positive that obama’s economic policies have been a failure. His fate and the fate of the Democratic party are tied to job creation as of right now.
The prediction I heard this morning was today would be an increase in jobs, next week a second number that included the new Census workers, and the Obama admin saying their sitmulus was working.
This is blows Obama’s plans out of the water.
Double dip recession is a MSM euphemism (during a Dem administration) for a depression.
Depressions get a name; this one shall be called The Obama Depression.
Unless math has changed radically since I was in the 4th grade, that suggests an error of 158%
Actually a lot lower than most of the typical Obamanation administration figures...
I'm guessing that by mid-April that sprinter will be heaving up his guts as he falls on his face.
I am guessing the meager gains in the private sector will be offset by losses in the public sector at the state and local levels. Teachers, police, and trades are just beginning to get the ax in my area.
yeah, we’re seeing that around my area too actually. Lots of union contracts getting renegotiated due to budget shortfalls. Unfortunately, I’m seeing tax increases, fee increases, and price increases along with that which may perpetuate job losses in the private sector. Still, summer has typically been a season of economic growth so maybe...
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