Posted on 07/01/2010 10:54:09 AM PDT by NormsRevenge
WASHINGTON – Fears that the economic recovery is fizzling grew Thursday after the government and private sector issued weak reports on a number of fronts.
Unemployment claims are up, home sales are plunging without government incentives and manufacturing growth is slowing.
Meanwhile, 1.3 million people are without federal jobless benefits now that Congress adjourned for a weeklong Independence Day recess without passing an extension. That number could grow to 3.3 million by the end of the month if lawmakers can't resolve the issue when they return.
All of this worries economists. As jobless claims grow and benefits shrink, Americans have less money to spend and the economy can't grow fast enough to create new jobs. Some are revising their forecasts for growth in the third quarter. Others are afraid the country is on the verge of falling back into a recession.
(Excerpt) Read more at news.yahoo.com ...
Thru willful policies, decimate this nation and its economy an institutions.
What recovery?
Almost. As soon as he adds to our sinking economy 20 million more impoverished “Americans” with the stroke of his pen, he will be.
US jobless claims surge more than expected
http://news.yahoo.com/business;_ylt=AgyHD0oWRHP9if54JHFDdXpsaMYA
WASHINGTON (AFP) - New claims for US unemployment benefits jumped more than expected last week, official data showed Thursday on the eve of the key June jobs report.
Recovery from evil capitalism looks like...
Surprise rise in jobless claims stokes recovery worries
http://news.yahoo.com/s/nm/20100701/bs_nm/us_usa_economy
Reuters WASHINGTON (Reuters) - New claims for state jobless benefits unexpectedly rose last week, while manufacturing activity and employment slowed in June, heightening fears the U.S. economic recovery is stalling.
Job worries hurt stocks at start of 3rd quarter
http://news.yahoo.com/s/ap/20100701/ap_on_bi_st_ma_re/us_wall_street
AP NEW YORK - Stocks began the third quarter with more selling after disappointing reports on jobs, housing and manufacturing deepened concerns about the economy.
The more he destroys the country, the more his moron base will respect him.
Multiple great posts, thanks. Now I will get off my lazy @$$ and go find a job. There are lots out there. (sarcasm off)
Our country is in big trouble and we need to keep our eye on who the real enemy is. IT IS OUR GOVERNEMENT. The leaches are only a symptom.
And the crushing federal deficit increases the severity of the bad news exponentially.
I have several friends who own small businesses.
Without exception, all of them are hunkered down waiting to see what will happen. Most of them are finished with laying off employees. They pretty much have just what they need to keep the business afloat. 24/7 operations have been cut back to 18/6 or 8/5.
They certainly are not planning to expand anytime soon. One said to me recently, “Maybe late next year, depending.”
who writes this stuff? This in the article:
“All of this worries economists.”
Oh i can just see all those economists fretting (not) besides the clown is not worried.
RE: Can an Obama vacation be far off?
Come to think of it — if he goes on PERMANENT vacation, the economy will improve.
wait until the census jobs end. They can’t keep making them do it over and over forever to keep the numbers up.
I won’t hire anyone that voted for the Kenyan. 2-3 interviews are all it takes to subtly find out. Hired one guy, found out he was a supporter, he sucked and he has a work comp claim from another corporation that he lied about on his app. I just didn’t have much for him to do based on his job performance, cut his hours and he quit. Now he can’t draw unemployment on me.
It has been over one year since the ‘green sprouts’ statement was made about this economy. All we have is nancy pelosi equating unemployment benefits to job creation.
What recovery?
Journalists are some of the STUPIDEST people on the planet!
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