"US manufacturing grows in April at slower pace" by CHRISTOPHER S. RUGABER | AP Economics Writer, May 02, 2013
WASHINGTON — US factory activity expanded at a slower pace in April, held back by weaker hiring and less company stockpiling. The report is the latest sign that economic growth may be slowing this spring....
Despite the decline in the pace of growth, economists noted that the survey still shows that manufacturing expanded for the fifth straight month. And there were some positive signs in the report....
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"US construction spending down 1.7 percent in March" by MARTIN CRUTSINGER | AP Economics Writer, May 02, 2013
WASHINGTON — Spending on US construction projects fell in March as the biggest drop in government projects in more than a decade overwhelmed strength in home building.
Construction spending fell 1.7 percent in March, compared with February, the Commerce Department said Wednesday. It marked the second decline in the past three months. January activity plunged a record 4 percent, a downward revision from a previous estimate of a 2.1 percent decline....
That was the point where I said why bother reading anymore? It's like tuning out a liar while he's still talking to you?
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"Survey: Private employers add just 119K in April" by CHRISTOPHER S. RUGABER | AP Economics Writer, May 02, 2013
WASHINGTON — A private survey shows US companies added just 119,000 jobs in April, the fewest in seven months.
The report Wednesday from payroll processor ADP suggests that government spending cuts and higher taxes could be starting to weigh on the job market. And new requirements under President Obama’s health care law may be prompting some small and mid-size companies to hold back on hiring....
I'll be dealing with that monstrosity soon.
‘‘This is a bit disappointing, it shows the economy is growing more slowly as we go into the spring and summer,’’ said Mark Zandi, chief economist at Moody’s Analytics, which compiles the report from ADP’s data....
But yesterday I was to.... ah, never mind.
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"Democrats in Congress generally agreed with the Fed’s criticism while Republicans took exception. House Financial Services Committee chairman Jeb Hensarling said that the Fed’s easy money policies had not helped the economy. ‘‘America is nearly five years into the Fed’s historically unprecedented interventionist policies and there is very little gain to show for it,’’ said the Texas Republican."
That's one slim reason Repuglicans are slightly better than Democraps.
Related: US wealth gap grew during recovery
$ome gained.
NEXT DAY UPDATE:
Back up again!
"Data raise hopes for faster US economic growth" by Christopher S. Rugaber and Martin Crutsinger | Associated Press, May 03, 2013
WASHINGTON — Fewer people are losing their jobs.
Translation: people are exhausting their unemployment "benefits."
Employers are struggling to squeeze more work from their staffs.
Related: A New Golden Age For Corporate Profits
I wish I had that kind of $truggle.
The United States is producing so much oil that imports are plunging, narrowing the trade deficit.
I suppose that is good news, but.... pffffft. Oh, excuse me.
A string of data released on Thursday raised hopes for stronger hiring and US growth in coming months. More jobs would spur spending and help energize the economy, which has yet to regain full health nearly four years after the Great Recession ended.
The Grand Depression is an ongoing event, as judged by the scholars of history.
And an interest rate cut Thursday by the European Central Bank, if it helps bolster the European economy, could contribute to US growth.
See: European bank cuts key rate to record low
Do you know what stuck out to me in that whole story?
"Mario Draghi, the European Central Bank president, said the bank was exploring ways to increase the supply of credit by reviving the moribund market in Europe for asset-backed securities — ones in which mortgages or other loans are bundled and resold to investors. He hinted the European Investment Bank could be a vehicle for stimulating demand for asset-backed securities."
Back to the same behavior that created the whole mess and destroyed the world economy, and now they are doing this on the stern of the Titanic. Enjoy the loot, fellas.
Btw, that is exactly what the Fed has done: printed up money to buy back all that crap and take it off banks' books -- all the while telling us they made a profit for us all.
The US economic reports came one day before the government will report how many jobs employers added in April....
It's called polishing up a log, if you know what I mean.
The figures for unemployment applications “point to potential improvement moving into May,” said Ted Wieseman, executive director of Morgan Stanley Research.
Yeah, the carrot is coming this month.
The government said....
The government said....
The government also said....
I'm sorry, but I've quit li$tening to its mouthpiece and its lies about this i$$ue in particular (especially when they print contradictory informations and then omit).
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Also see: US employers add 165,000 jobs; rate falls to 7.5%
Is that what they said?
