Slow Saturday Special: Job Shedding
"Job losses cut consumer confidence" by Shobhana Chandra and Bob Willis, Bloomberg News | July 11, 2009
Sentiment among US consumers, whose spending is critical to an economic recovery, dropped in July after four months of gains as unemployment approached 10 percent.... A separate report from the Commerce Department showed the trade deficit unexpectedly narrowed in May to the lowest level in almost a decade.
If you don't mind, I WILL WAIT for the REVISIONS!
Unemployment is rising even as economists predict an end to the recession in coming months. Consumers in the survey said they are less likely to buy cars or appliances, suggesting that the recovery may be weaker than anticipated.
You hurt me, newspaper.
You hurt me with all your garbage cheer-leading and crap-throwing!
“There’s a lot of concern about job losses, and people think they won’t be able to earn more,’’ said Jonathan Basile, an economist at Credit Suisse Holdings Inc. in New York....
The trade deficit narrowed 9.8 percent to $26 billion, the smallest gap since November 1999, from a revised $28.8 billion in April, yesterday’s Commerce Department report showed. The gap was projected to widen to $30 billion, from an initially reported $29.2 billion in April....
What more is there left to say, really?
A shrinking deficit signals trade will add more to the US gross domestic product as exports to emerging economies such as Brazil increase. US demand for imported auto parts was held down by production cutbacks and factory shutdowns by General Motors Corp. and Chrysler LLC.
Interesting that they would mention Brazil and GM together.
Yeah, YOUSE GETTIN' TOOK, 'murkn!
A Labor Department report yesterday showed prices of goods imported into the United States rose 3.2 percent in June, the fourth monthly gain, as oil costs jumped by the most in a decade.
Then how could the trade deficit be so low?
WhoTF is LYING TO ME NOW?
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Btw, that is the SIGN of a WEAK DOLLAR, folks -- and investors know it as well.
"Buyers not interested in buying this week
With little positive news to drive buying, stocks slumped. Unrelenting worries over the economy, driven by poor reports on jobs and consumer confidence, have kept investors at bay....
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