Economy Grows at fastest pace in 6 years..

[Goatkart]

The economy grew at a 5.6% annualized pace in the fourth quarter, the fastest rate in six years, the Commerce Department reported this morning.

The revision was down from the 5.9% pace reported in February, however, and it fell short of economists' expectations of a 5.8% pace. For all of 2009, the economy shrank 2.4%, the worst annual decline since 1946.

Corporate profits increased 8.2% in the fourth quarter, lower than the 13.8% surge in the third quarter, but up 31% from the fourth quarter in 2008, the biggest increase since 1984. Year over year, earnings were up 51.8%.

Looks like the American Engine is starting to pick up steam again....

First time filers for unemployment was also down even further again...

Where theres money, theres jobs....

The clouds are parting, and the sun will soon be shining.... Those of our fellow brothers and sisters who are looking for jobs, just hang on a little longer...


Economy grows at fastest pace in 6 years- Market Dispatches - MSN Money

 

[Bullitt995]

After a decline there's always going to be a surge. Things are going to get better, but not because of any economic policy. This small surge will probably be followed by another dip, hold onto your butts.

 

[Takeuon]

Looks like the American Engine is starting to pick up steam again....

First time filers for unemployment was also down even further again...

Where theres money, theres jobs....

The clouds are parting, and the sun will soon be shining.... Those of our fellow brothers and sisters who are looking for jobs, just hang on a little longer...


Economy grows at fastest pace in 6 years- Market Dispatches - MSN Money

Thanks for the words of encouragement Goatkart :agree:

However I imagine it won't be long until the Obama haters get in here and dump on this thread....hasn't anyone told you....we are not allowed to have positive economic or political news on this site

 

[lavinrac]

Thanks for the words of encouragement Goatkart :agree:

However I imagine it won't be long until the Obama haters get in here and dump on this thread....hasn't anyone told you....we are not allowed to have positive economic or political news on this site

While it is good news.. and I am an Obama "HATER" I doubt he himself had anything to do with it. I would also be saying the same thing regardless of who was in office.

Of course first time filers of unemployment are down. There is a limited population and each person can only file for the first time once.

If anything is going to turn this country around it will be the people who do it. It wont be policy from either side or any government but the people.

Oh well even though I said that with neutral intentions I am sure it will be scewed to one side or the other.

 

[zukracer]

the ebbs and flows of the economy really have little to do with that Obama is doing or not doing these months. This is more likely to do with the fact that the dollar is stronger against the euro, pound, yen and other currencies than in the past year. Companies have more $ to invest now than they had a year ago not to mention that most of the ones I've seen recently have been sitting on a pile of $$ in reserve. They are now getting to a point where projects that sat for X months can or have to get done. Mix that with the uptick in the economy, dollar value and tax incentives and you get job growth

 

[Goatkart]

WTH people...


only on this board can i try to give some good news to people looking for jobs and have it turn into an "Obama didnt do it!!" thread...




Try to give a dog a bone, and he takes your arm.....SHHeeeesh....

 

[afterhours]

question:

is there any information that people are now hiring?

a drop in the first time filings for unemployment, does not mean people are going back to work yet.

 

[Justyntym]

It's all in how you spin it...ask the CBO

REGIONAL AND STATE EMPLOYMENT AND UNEMPLOYMENT – FEBRUARY 2010
Regional and state unemployment rates were little changed or slightly higher in February. Twenty-seven
states recorded over-the-month unemployment rate increases, 7 states and the District of Columbia registered
rate decreases, and 16 states had no rate change, the U.S. Bureau of Labor Statistics reported
today. Over the year, jobless rates increased in 46 states and the District of Columbia and declined in 4
states. The national unemployment rate in February, 9.7 percent, remained unchanged from January, but
was up from 8.2 percent a year earlier.

 

[afterhours]

yeah, its hard to really get a picture of what is going on.

I do see storm on the horizon, atleast in CA. to this day State and County workers have not been laid off, and have even been hiring.

CA is broke, there will be some layoffs in LA County, and the state will have to let some people go eventually.

 

[Takeuon]

WTH people...


only on this board can i try to give some good news to people looking for jobs and have it turn into an "Obama didnt do it!!" thread...




Try to give a dog a bone, and he takes your arm.....SHHeeeesh....

Told ya.....

 

[Goatkart]

yeah, its hard to really get a picture of what is going on.

I do see storm on the horizon, atleast in CA. to this day State and County workers have not been laid off, and have even been hiring.

CA is broke, there will be some layoffs in LA County, and the state will have to let some people go eventually.

Proof of hiring.... yes!!! at least in MY field(engineering)... caterpiller as well as a few other heavy machinery places that i know of have already stated they will start hiring come this summer...

HR for Caterpiller has also stated they will likely start REHIRING their laid off employees for this summer...


A friend of mine who just graduated from ISU in Mech E. had 7 job offers waiting when he walked out the door...



As to CA..... CA is always broke, will always be broke, and their own citizens refuse to fix the problem.... Nothing new there...

true story...

 

[skydivr]

Several reasons for upswing in economic activity:

1. The winter is FINALLY (and according to AL Gore, here comes global warming again) coming to an end and there will be a bounce as people can finally get out and do stuff.

2. There is a lot of money flowing into the economy; the bad part is that it's all debt cash and not earning cash so it's a two edged sword.

I can tell you as a small business owner: We may actually, for the first time, BEAT a month-month sales comparison in over two years this March (i'll take any good sign); but I don't think it's sustainable until it's built on CREATED wealth not BORROWED wealth. And wait til all these new taxes and inflation (can we say $5 gas?) rear their ugly head.

 

[Takeuon]

Yeah the gas goons are getting us all nice and ready for the annual Summer price gouging. We're just over $3.00 a gallon here. Slowly but surely will creep on up for the Summer time travelers. Such a bunch of cra*!

 

[Goatkart]

I can tell you as a small business owner: We may actually, for the first time, BEAT a month-month sales comparison in over two years this March (i'll take any good sign);

congrats!

always like to see a small business take off!

 

[skydivr]

It's not a TAKE OFF, as much as it is a BRIEF SIGH OF RELIEF

 

[Goatkart]

It's not a TAKE OFF, as much as it is a BRIEF SIGH OF RELIEF

lol... take what you can get right?

 

[aussiekeeper]

Yeah the gas goons are getting us all nice and ready for the annual Summer price gouging. We're just over $3.00 a gallon here. Slowly but surely will creep on up for the Summer time travelers. Such a bunch of cra*!

And Mr. O had nothing to do with that either, huh? Inflation? Just print more money Obama.........................

 

[Justyntym]

wow....I guess the words "unsustainable debt" doesn't actually get thru the
rose colored glasses and the kool-aid. California is not broke...it's out of options.

Your gonna either see the fed "borrow" a crap load of more money to bail out
and start telling Ca what it can and can't do OR...state employees are
going to start getting Kalifornia Kash (monoply money/I.O.U.s) in place of real
funds.

If you think Caifornia is just ho hum business as usual and don't think it's in
real trouble, as are the rest of us (they are just accelorated) your head is in the sand big time.

Just stay there though...it's probably a lot nicer than reality.

Unless the unemployement number starts dropping (for real, not just Censes workers)
the rest is well...you know.

Not to mention, since healthcare is this administration's "champion cause" instead of jobs,
read the last two posts in the healthcare thread and tell me how that's gonna
be good for businesses...it's only the begining. When growth does occur...the
fed will choke it out of us. Mentions Caterpillar to btw...

https://www.hayabusa.org/forum/random-thoughts/128462-health-insurance-myth-3.html

Course my idea was to give Kalifornia to the Chinesse in exchange for the debt...Kalifornians want
to live in a socialist/communist nanny state for the most part...there ya go..I'm sure the Chinesse will
have NO trouble drilling for off shore oil...I jest but it wouldn't surprise me if China didn't demand some kind
of payback maybe in the form of drilling rights somewhere.

 

[aussiekeeper]

The country is out of options...............The Government has sold us out, period. If you think about it ,there are many states that are plain broke.

 

[Busa1166]

I am a recovering Obama supporter.... but looking for someone else