"The state’s recovery is expected to be weak; unemployment.... is expected to continue growing into next year"
Then it AIN'T NO RECOVERY!
Related: No Sign of AmeriKan Economic Recovery
Economic Recovery Canceled
Why the Recession Is Never Ending
The Real Unemployment Rate Hits a 68-Year High
... and getting worse. -- Wake the Flock Up
Anecdotally, readers, I was in the supermarket yesterday and I heard to guys talking and one says to the other "You heard Jim got layed off again, right?" I didn't hear the name of the place, but the other fellow said that has happened before and he got called back. The first guy said Jim didn't seem to think that was likely this time.
Yeah, it hurts, readers.
"Signs point up for state economy; June home sales are latest indicator Mass. may be starting long recovery process" by Robert Gavin, Globe Staff | July 29, 2009
The Massachusetts economy has hit bottom and begun a recovery.
Over the past several weeks, key indicators - from consumer and business confidence to unemployment claims to automobile sales tax revenues - have begun to improve after a year or more of constant deterioration. The latest evidence of a nascent recovery came yesterday, when data reported by the Massachusetts Association of Realtors indicated the long-suffering housing market may have bottomed.
“We appear to be in the first phase of an economic recovery,’’ said Alan Clayton-Matthews, an economic analyst and professor at the University of Massachusetts at Boston.
“We’ve got the beginnings of what looks like a recovery,’’ said Andre Mayer, senior vice president for research at Associated Industries of Massachusetts. “In all likelihood, we’ve bottomed out, but the climb back is not going to be easy.’’
Massachusetts has waited more than three years for housing sales to turn around, and more than year for the broader economy to grow again. The state’s recovery is expected to be weak; unemployment, which rose to 8.6 percent in June, is expected to continue growing into next year before peaking above 9 percent, analysts said.
Still, the state seems to have reached a key turning point that suggests better times ahead....
And now, the COVER-THEIR-ASS EXCUSES for their SHAMELESS LIES!!!!!
It’s often difficult to identify economic turning points until long after they’ve passed, and the economy can send false signals. During the last recession, for example, it appeared that the Massachusetts economy was beginning to turn in 2002, but the recession ultimately lasted into the next year. Nonetheless, evidence is mounting that a recovery is getting underway. The rate of job losses in Massachusetts has slowed in recent months....
First of all, why should we believe this lying shit rag and its opinions?
Second thing: Hey, cap'n, there is still a WHOLE LOTTA WATER down here, but it is POURING INTO the BOAT LESS FAST so we should be okay now!!!!
Yes, world, I am tired of this shit being peddled to my fellow citizens and me as news.
Meanwhile, temporary employment, a leading indicator for the future of the job market, has risen in each of the past two months, according to state labor statistics. When the economy begins to turn around, economists have said, employers often use temps until they feel confident enough to make permanent hires.
Yeah, sure, state government is now telling us the truth -- as dutifully reported by a one-sided, agenda-pushing promoter of propaganda.
Also improving are business and consumer confidence, which economists view as precursors to increased spending and investment.....
Related: Consumer confidence slips
The technology sector, a key driver of the Massachusetts economy, is also showing signs of a rebound. Semiconductor maker Analog Devices Inc. of Norwood reported better-than-expected revenues in the second quarter and expects revenues in its third quarter, which ends Saturday, to be about the same. Computer storage equipment giant EMC Corp. of Hopkinton also reported better-than-expected results last week. Chief executive Joseph Tucci said business investment in technology has stabilized. Yes, the only people who haven't been stabilized are the American people.Yeah, some people have recovered and are doing better than ever.
--more--"
See Business for more.
And about those IMPROVING HOME PRICES!
"While median home prices and sales volumes fell in June.... the declines were in the single digits for the first time in 2009.... The median price for homes sold in June dropped"
Hey, cap'n.....
And WHAT is with the LYING HEADLINE, 'eh?
"A market on the mend?; Uptick in median home price to over $300,000 suggests Massachusetts may be on the rise" by Jenifer B. McKim, Globe Staff | July 29, 2009
(What is with that is the paper knows many people only read the headlines of most articles as they flip trough -- if they bother to read a newspaper at all; if you can put an agenda-pushing fase impression there, all the better for advancing the agenda and propaganda)
Evidence of a recovery....
While median home prices and sales volumes fell in June, compared with the same month last year, the declines were in the single digits for the first time in 2009. The median price for homes sold in June dropped....
Ever occur to anyone that no one can afford houses because of the job losses? That the market may be permanently damaged?
Of course, the newspaper would tell you if it were, so don't listen to me.
Timothy M. Warren Jr., the company’s chief executive, said the moderation in declines is an improvement over the steep drops reported earlier in the year. Median prices would be even higher if they were not depressed by the sales of foreclosed homes, he added....
I really can't omment anymore. These guys are looking at turds and calling it flowers.
Property values in some states have dropped as much as 50 percent in recent years.... the Boston area hasn’t been hit as hard. Gary Rogers, the Massachusetts Association of Realtors’ president, said that’s a reason for optimism, despite concerns that lingering high unemployment may affect the vulnerable housing market....
You like shit in your face for breakfast, 'murka?
Barry Bluestone, dean of the School of Social Sciences, Urban Affairs and Public Policy at Northeastern University, said the new data suggest that house prices probably won’t rise dramatically, but could edge upward over the next six months.
“Prices have fallen to a point where there are some real deals out there,’’ Bluestone said. “This may be a good time to get into the market before prices start rising again.’’
"Uptick in median home price.... price for homes sold in June dropped"
Whatever, Globe.
From the same paper:
"City officials said the funding will pay for the next three years. Boston must pay for salaries and benefits for at least one year after that. By then, department officials hope that the economy will have improved."
Yeah, in other articles they also tell us the jobs picture won't be better for another five years.
"Economists and state budget observers warned several months ago that the state is in a multiyear cycle that will strain budgets until at least 2014."
But we are COMING OUT of RECESSION!!!
Have YOU had it with the LIES, readers?
