by L123
In his recent visit to our state, President Obama toured Alcoa, one of the world’s largest manufacturers of aluminum, located in Davenport, IA. As a part of his visit, President Obama praised the manufacturing sector of the economy and touted the strong growth of...
by Fersboo
Out with the old, in with the new, goes the standard cliche every year about this time. No, this is not a reference to Nancy Pelosi's age, although incoming House Speaker John Boehner is 9 years younger. Speaker Boehner does represent a new attitude and the resulting optimism is being reflected in the markets and the broader economy.
Consider:
- Retail sales, Christmas sales, were up significantly over 2009
- Consumer and business confidence for November and December have inched higher
- Jobless numbers are moving downward, evidenced by today's ADP employment report that suggested 297,000 new private sector jobs were created in December (this is a big number!)
This is not a coincidence. This is, however a [...]
by Fersboo
The Labor Department reported this morning that nonfarm payrolls fell by 131,000 in the month of July. Even more discouraging was that June’s revised payroll number was revised downward to a negative 221,000. This is huge. Initial jobless claims estimates...