Let's not let that spoil the propaganda narrative though.
"Brighter view on jobs and pay lifts US confidence" by Christopher S. Rugaber | Associated Press, May 01, 2013
I love deceptive headlines, don't you?
WASHINGTON — Americans are more optimistic the job market is healing and will deliver higher pay later this year. That brighter outlook, along with rising home prices, cheaper gasoline, and a surging stock market, could offset some of the drag from the recent tax increases and government spending cuts.
Just wondering if you were sick of that s*** carrot dangling in front of you all these years.
A gauge of consumer confidence rose in April, reversing a decline in March, the Conference Board, a private research group, said Tuesday. The board attributed the gain to optimism about hiring and pay increases. Economists also cited higher home values and record stock prices....
WhoTF are they talking to, or do they just make this stuff up?
Despite the rise confidence remains well below its historic average....
Still....
Still! But, whatever, all bad words for a "report."
Floyd Scott, owner-broker at Century 21 Arizona Foothills in Phoenix, said demand is particularly strong for homes priced below $300,000.
Because of a tight supply, homes for sale are routinely receiving multiple offers, he said. That’s driving prices up.
Yeah, because the banks are manipulating and holding back so many foreclosed homes.
‘‘Now the job market is starting to improve, so younger adults are moving out and either getting an apartment or a house,’’ he said.
Right, that's a sure sign of an improving economy, yup.
"Americans are on the move again after putting their lives on hold and staying put."
God, I'm so sick of lame-ass shit be rolled out in the form of a newspaper.
The reports were released the same day the Federal Reserve’s policy making committee began a two-day meeting. Analysts expect the Fed to announce Wednesday that it will maintain its low interest rate policies, which include an $85-billion-a-month bond-buying program. The Fed’s bond purchases are intended to keep interest rates low to spur borrowing, spending, and investing. Its policies have helped keep loan rates at record lows.
Right, that's a sure sign of an improving economy, yup.
"Americans are on the move again after putting their lives on hold and staying put."
God, I'm so sick of lame-ass shit be rolled out in the form of a newspaper.
The reports were released the same day the Federal Reserve’s policy making committee began a two-day meeting. Analysts expect the Fed to announce Wednesday that it will maintain its low interest rate policies, which include an $85-billion-a-month bond-buying program. The Fed’s bond purchases are intended to keep interest rates low to spur borrowing, spending, and investing. Its policies have helped keep loan rates at record lows.
Big changes in government policy have caused sharp swings in consumer sentiment in recent months....
Yet consumers have shown resilience. Economists note that on top of higher home values, record stock prices have boosted household wealth....
Not for everyone:
"US wealth gap grew during recovery; Stock holdings outpace homes" by Pauline Jelinek | Associated Press, April 24, 2013
WASHINGTON — The richest Americans got richer during the first two years of the economic recovery while average net worth declined for the other 93 percent of US households, a report released Tuesday said.
(Blog editor brings his legs together, sits up straight in his seat, and calmly types that this is proof only the elite that caused the Grand Depression benefited, there never was the recovery the ma$$ media shit bags constantly procliam, it's all been lies, lies, lies, lies, lies, lies, lies about the economy, lies about the environment, lies about wars, lies about mass shootings, lies about every single thing you see from them. Everything. Everything. Everything)
The upper 7 percent of households owned 63 percent of the nation’s household wealth in 2011, up from 56 percent in 2009, said the report from the Pew Research Center, which analyzed Census Bureau data released last month.
The main reason for the widening wealth gap is that affluent households typically own stocks and other financial holdings that increased in value, while the less wealthy tend to have more of their assets in their home, which has not rebounded from the plunge.
The main reason for the widening wealth gap is that affluent households typically own stocks and other financial holdings that increased in value, while the less wealthy tend to have more of their assets in their home, which has not rebounded from the plunge.
???
But I've been told again and again and again home prices have been rising, have been rising, are in good shape.
And my pension is still flat when the stock market is zooming. What's up with that (blog editor almost in tears and can't see type no mrkw)?
Tuesday’s report is the latest to point up financial inequality that has been growing among Americans for decades, a development that helped fuel the Occupy Wall Street protests....
Which has been all but forgotten, and for good reason.
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So where did you find yourself in the wealth equation?
Consumers who feel wealthier tend to be more confident and more willing to spend.
Do you, reader?
And employers have added an average of 188,000 jobs a month in the past six months, up from 130,000 in the previous six. Job gains slowed in March to only 88,000. But most economists expect at least a modest rebound in coming months, including a gain of 160,000 for April.
Layoffs also sank to a record low in January. Fewer layoffs tend to make people feel more secure in their jobs and more willing to spend.
Yeah, never mind the people who are not counted or have given up looking for work.
In addition, average gas prices nationwide have dropped 28 cents from their peak this year to $3.51 a gallon, according to AAA. AAA said gas could drop as low as $3.20 a gallon by midsummer. The low point in 2012 was $3.33.
So is the paper regarding the gas prices! WTF?!?!
Economists caution that confidence typically fluctuates. Measures of consumer sentiment have yet to show consistent month-to-month increases.
Translation: this article is nothing but bulls***.
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And they actually get paid to shovel such s***?
Related: Boston Globe Giving You the Business
Just like the rest of the paper.
Maybe you should just play a game of golf instead.
Gotta get moving:
"More young adults fleeing their parents’ homes; Moving out of state for jobs for first time in years" by Hope Yen | Associated Press, October 26, 2012
WASHINGTON — Big moves in the fledgling economic recovery....
The demographic shifts, which analysts say could continue for many more years, are once again rejiggering the housing map.
Out are the super-sized McMansions in far-flung suburbs and in the sprawling Southwest, which helped drive rapid metro area growth in the early to middle part of the last decade in places such as Phoenix; Las Vegas; Orlando; and Atlanta. In are new, 300-square-foot ‘‘micro’’ apartments under consideration for wider development in dense cities such as New York, San Francisco, Boston, and Seattle, which are seeking to attract young, single adults who value affordable spaces in prime locations.
Wow, I didn't know the rich were leaving their mansions behind, did you?
Related: Liz Warren's New Living Quarters
Are you tired of the $elf-$erving, agenda-pu$hing $hit $hovel yet?
‘‘Footloose young singles are forming the leading edge of the coming migration wave,’’ said William H. Frey, a Brookings Institution demographer who reviewed the numbers. He attributed the recent jump in mobility to pent-up demand among young adults who now are ready to ‘‘move on a dime’’ to land a job opportunity.
Notice it's the opportunity, not the actual job. Slight word game, but noticeable.
‘‘We will see their migration rates swell even higher if the jobs become more plentiful,’’ Frey said. ‘‘Families, older professionals, and retirees will be latecomers; they have more financial baggage and will need to make more careful decisions about when and where to move.’’
Richard Florida, an American urban theorist and professor at the University of Toronto’s Rotman School of Management, called the mobility gain an important sign the US economy is getting back on track.
‘‘Young people are moving out of their parents’ basements and sampling places and sampling careers again,’’ he said. ‘‘After living at home for a while, young people have kind of maxed it out. They are heading to bigger, vibrant cities, predominantly, because they’re looking for economic opportunity and building their social networks.’’
When was this piece of crap written again?
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"Number of Americans who are moving rises, buoying economy" by Steve Matthews | Bloomberg News, November 02, 2012
ATLANTA — Danielle Anderson landed a promotion in June that required her to move from Southern California to Houston, where she bought a $280,000 town house. Since then, the 24-year-old sales and marketing manager has spent $8,000 on furnishings, hooked up cable television, and hired a gardener.
The number of Americans moving has started to increase from a record low, promising a lift to the labor-market recovery as well as housing and consumer spending. An estimated 12 percent of US residents moved in the year ended March 2012, up from a 63-year low of 11.6 percent the prior year, according to an analysis of unpublished Census Bureau data by the Population Reference Bureau, a Washington research organization. About 1.7 percent moved from one state to another, the most in five years, the data show.
Mobility adds flexibility to the labor market, allowing employers to fill positions more easily when skills may be in short supply.
Don't they usually move when there are no jobs, too?
A lack of migration the past few years helps explain why 3.6 million jobs were unfilled in August — 719,000 more than in January 2009, when unemployment last matched September’s 7.8 percent, Labor Department data show.
Related: What the Immigration Bill i$ Really About
Now you know what bulls*** they are rolling at you here.
The good news is it is looking like it will be failing in the House.
‘‘Increased mobility will facilitate a quicker improvement in the job market, as the unemployed and underemployed can more easily move to where the jobs are,’’ said Mark Zandi, chief economist at Moody’s Analytics Inc. in West Chester, Pa.
It's easy to move to China or Southeast Asia?
Migration is an ‘‘encouraging trend’’ for the labor market, James Bullard, president of the Federal Reserve Bank of St. Louis, told reporters Oct. 15 after a speech. It has been a historical strength for the United States versus Europe, where moves are hampered by language differences, Bullard said.
Oh, well, if a Fed guy says it how can you question?
People ages 25 to 29 are twice as likely to move as the total population. Yet even younger people aren’t as mobile as previous generations because the labor market is impaired: About 25 percent of people in this age group moved last year, down from 30 percent in 2001, Mather said.
Still, there are signs that more Americans are changing locations. Shipments handled by moving companies rose 1.5 percent in the first half of 2012 after a 1 percent gain in 2011, according to the American Moving & Storage Association.‘‘There is a pent-up demand’’ for moves, which is ‘‘obviously closely tied to housing,’’ spokesman John Bisney said.
Kristen Keese, 22, a marketing graduate from the University of South Florida in Tampa, moved to New York to take a job as a research analyst after a job search that included the Tampa area, Chicago, Los Angeles, and New York.
‘‘The fact I was willing to move anywhere for a company I wanted to work for or a job I loved, I think that is something a lot of companies are attracted to,’’ she said. ‘‘I am single. I am flexible. I am just getting into the corporate world.’’
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"Whiff of optimism draws out job seekers" by Megan Woolhouse and Katie Johnston | Globe Staff, November 03, 2012
I'm catching a whiff of something.
Hundreds of thousands of Americans, among them many who had given up during bleaker economic times, are again looking for work as they perceive improving job prospects in a slowly strengthening recovery, economists said.
This is where it is useful to be so far behind; it removes you from the moment and shows you what s***-shovelers the corporate pre$$titutes are.
Nearly 1 million people have reentered the labor market since September, a trend that contributed to the slight rise in the unemployment rate last month, to 7.9 percent, the US Labor Department reported Friday. While no one welcomes an increase in the jobless rate, economists said a growing labor force is a component of a healthy job market.
This stuff is truly sickening.
Generally, when workers believe that the economy is generating jobs and their chances of finding work are improving, they come off the sidelines to search. Only those who actively seek work are counted in the labor force, and their ranks had declined significantly after the economy seemed to stall in the spring. Now many are back in the hunt.
And still not finding work.
“In a normal recovery, that’s part of the process — people start to smell jobs and come into the workforce,” said Harvard University economics professor Kenneth Rogoff. “A big influx of workers into the labor force, which we have seen for a couple months in a row now, is a sign there are jobs out there.”
Or that people have run out of money.
************************************
Hiring has picked up recently. The Labor Department reported Friday that US employers added 171,000 jobs in October, and gained 84,000 more jobs in September and August than previously estimated. Since July, the nation added an average of about 170,000 jobs a month, compared to about 70,000 a month from April to June.
There have been other encouraging signs, too....
Still, job creation is far from booming and the uptick in unemployment is an indication that the economy did not generate enough jobs in October to absorb the influx of job seekers....
What? Why destroy the tone and tenor of the piece with that afterthought?
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Also see: Reports show job market resilience
I have no more confidence in the newspaper.
