Good News about the economy!

[admin]

This thread is dedicated to good news about the economy.

There are lots of good reasons to focus on the positive, so let's get to it!

Here is some that was in the news today!

HP shares rose in after-hours trading Monday after the company reported its net income rose 5 percent and revenue rose 8 percent in the quarter ended Oct. 31, topping Wall Street's forecasts and driven by strong corporate spending that offset weak consumer demand.

Revenue was $33.28 billion, an 8 percent increase over last year.

HP's results are a barometer of demand across a swath of industries....The world's biggest technology company by revenue....

Source: HP results show seesawing nature of tech recovery - Yahoo! Finance


It has been said a thousand times that the problem with the economy is the chicken or the egg question....Corporations don't want to spend until the consumers start spending...consumers don't want to spend until the Corporations start spending.

Well....here is documentation that the Corporations are starting to spend more!!!

[admin]

On August 10, 2009, when Jessica began talking about the recession ending, the DJIA was at 9337

Yesterday, November 22, 2010 the DJIA closed at 11,178

That is roughly a 13% increase!

[Kevin]

41 states see job gains in Oct

Christopher S. Rugaber, AP Economics Writer, On Tuesday November 23, 2010, 12:00 pm EST

WASHINGTON (AP) -- Businesses and other employers added jobs in 41 states in October, the best showing in five months, the Labor Department said Tuesday.

The figures indicate the job market is picking up a bit in most parts of the country. Even the nation's hardest hit states -- Nevada and Michigan -- showed declines in their unemployment rates.

The Labor Department said the jobless rate fell last month in 19 states, remained the same in 17 and rose in 14. Unemployment can rise when jobs are created if more people begin searching for work.

The job gains are an improvement from September, when only 16 states reported gains and 34 reported drops. But the additional hiring isn't large enough to rapidly bring down unemployment in many states.

"These numbers suggest we've stabilized and started to show real improvement," said Anthony Chan, chief economist at JPMorgan Private Wealth Management. "But we're a long way from crafting the 'Mission Accomplished' sign."

The nation's four worst-hit states all reported some positive developments, evidence that the economic downturn is loosening its grip.

Nevada reported the first decline in its jobless rate in nearly five years. The state's unemployment rate, the nation's highest, fell to 14.2 percent from 14.4 percent in September.

Michigan, with the nation's second-highest rate, said unemployment declined to 12.8 percent from 13 percent. That's the first drop below 13 percent in 19 months.

The states with the third- and fourth-highest unemployment rates, California and Florida, both reported job gains.

California added nearly 39,000 jobs in October -- the largest net gain in four and a half years. Still, its unemployment rate remained at 12.4 percent, as more people looked for work last month.

Florida's jobless rate was flat, at 11.9 percent, even after employers added 6,900 jobs last month. In the past year, the state has gained 35,700 jobs, its strongest 12-month gain since May 2007, the state government said.

People who are not actively job hunting are not counted in the unemployment rate. They can range from those who don't want jobs, to those who are in school or have given up looking.

Nevada, California and Florida were hammered by large housing busts. Michigan suffered as U.S. auto sales plummeted and GM and Chrysler laid off thousands of workers and sought bankruptcy protection.

Recently, Las Vegas has seen a rise in visitors, said Steve Cochrane, a regional economist at Moody's Analytics. That's an important boost to Nevada's tourism and gaming industries. Still, arrivals through the Las Vegas airport are down, which means many visitors are driving in from nearby places like Southern California. Those visitors tend to spend less at casinos than overseas visitors, Cochrane said.

The latest report also shows how much states such as Nevada are still struggling. The state still saw a decline in total jobs last month. Its unemployment rate fell because many of those out of work are giving up on their job hunts.

Nationwide, employers added 151,000 jobs in October, while the unemployment rate was unchanged at 9.6 percent. Companies added the largest net gain in jobs in six months.


My glass is half full, yep, it's half empty, but it's STILL HALF FULL!

[future pather]

His Economy's Up

Check out how much the offer went up for this guy holding out in selling for a bit. Kind of a nod to the economy looking ok:

Google puts $6 billion on the table for Groupon
Wednesday, December 01, 2010

It's not news that Mt. Lebanon native and Groupon founder Andrew Mason has recently been in talks with Google regarding the sale of his company, but this morning the tech and business world went wild over the news that Google has apparently offered up to a whopping $6 billion for the young company. Mason had previously rejected offers from Yahoo for $2 million, which many analysts saw as a bold move. Boldness pays off, as the 29-year-old Mason is about to be a very wealthy man.

[Kevin]

Manufacturing expands for 16th straight month

WASHINGTON (AP) -- U.S. factory output grew for the 16th straight month in November as consumers and businesses spent more on autos, computers and other goods.

The Institute for Supply Management said Wednesday its index of manufacturing activity dropped to 56.6 in November, down from 56.9 in October. Any reading over 50 indicates growth.

Manufacturing has been one of the strongest sectors of the economy since the recession ended. After slowing over the summer, factories have picked up in recent months as auto sales have grown and businesses are investing in industrial machinery and other equipment.

"American factories are catching a second wind as consumers start to flex their wallets," Sal Guatieri, an economist at BMO Capital Markets, said.

Click Here for Full Article

[Kevin]

Private Companies add 93,000 jobs in November

ADP Employer Services said private companies added 93,000 jobs in November. Economists were expecting gains of only 70,000 jobs. Small businesses added the largest amount of new workers in three years.

[Kevin]

Job openings are at their highest level in two years

Christopher S. Rugaber, AP Economics Writer, On Tuesday December 7, 2010, 5:04 pm EST

WASHINGTON (AP) -- December is generally a bad time to look for work, and even worse now that the unemployment rate is nearing double digits. But there's reason for some optimism this holiday season.

Job openings are at their highest level in two years, according to new government data. And a private-sector survey predicts the next few months will be the best time for hiring since the financial crisis erupted.

That should come as some comfort to job-seekers, especially after last week's report that the unemployment rate rose to 9.8 percent in November and the economy added a scant 39,000 jobs.

Recruiters say the data, taken together, suggest job hunters should keep plugging away. Yes, it's a tight labor market and many hiring managers take time off over the holidays. But so do many job-seekers.

"That can work to the advantage of a job-seeker who doesn't take a break, who really keeps going," said Jennifer Schramm, a spokesperson for the Society for Human Resource Management.

Analysts say job openings are a good indication of the hiring picture ahead because it can take up to three months to fill most jobs.

Businesses and government advertised nearly 3.4 million jobs at the end of October, up about 12 percent from the previous month, the Labor Department said Tuesday in its Job Openings and Labor Turnover survey.

That reverses two months of declines and is the highest total since August 2008, just before the financial crisis intensified.

Jonathan Basile, an economist at Credit Suisse, said the report echoes other recent data showing that the economy is improving. Factories are busier, retail spending is up, and consumer confidence is also rising. Those improvements will likely translate into more hiring soon, he said.

The rise in the unemployment rate "should turn out to be just a bump in the jobs recovery road," Basile added.

Overall, the number of advertised jobs has increased by about 1 million, or 44 percent, since the low point of July 2009, a month after the recession ended. But openings are still far below the 4.4 million advertised in December in 2007, when the recession began.

A new survey by staffing company Manpower Inc. suggests businesses are ready to pick up the pace. Manpower's U.S. hiring index rose to 9 percent for the January-March quarter of 2011, from 5 percent in the October-December quarter of 2010.

That's the highest in two years, but still far below the 20 percent that the index averaged from 2003 to 2007.

The survey suggests the strongest hiring markets will be in Baton Rouge, La, Seattle and Milwaukee.

In Baton Rouge, companies in manufacturing, construction, retail, professional and business services, financial services, transportation and utilities, and restaurants and hotels plan to add jobs, Manpower said.

The same industries, except manufacturing and financial services, expect to add jobs in Seattle. Milwaukee will also add jobs in most of the same industries, except construction and financial services, Manpower said.

"The job market may be getting ready to shift into second gear," Jonas Prising, Manpower's president of the Americas.

Still, the unemployment rate won't return to a healthy level until the number of jobs created greatly outweighs the pace of layoffs. The gap remains too narrow, with employers hiring about 4.2 million people in October while 4.04 million people were laid off, fired or quit that month, according to the JOLTS report.

That helps explain why the jobless rate is falling in fewer U.S. cities. Only 200 of the nation's 372 largest cities saw declines in October, down from 321 the previous month, the Labor Department said in a separate report.

Competition for jobs is tough, but improving. There were, on average, 4.4 unemployed workers for each available job in October. That's down from 4.9 in September and the lowest since January 2009.

But it has a long way to go to get back to the 1.8 ratio from December 2007.

The private sector increased its help-wanted advertisements by the most in more than four years in October, the JOLTS report showed.

The gains occurred in a range of industries: Openings in retail rose by nearly 6 percent, while openings in professional and business services, a category that includes temporary jobs, soared by 33 percent.

Advertised jobs increased by 19 percent in education and health services and by almost 14 percent in hotels and restaurants, the department's report said.

[future pather]

There is a community center down the street that is an old church.

I became aware of it shortly after I moved to the area, more than 7 years ago. Ever since I found out the work they were doing to restore the building, I have looked forward to the day when they would complete their goal.

They found an ingenious way to handle the million dollar cost of restoring all the beautiful stained glass windows by teaching classes on how to do so, using the actual glass in the building. Over the years they've made steady progress on this and on much of the interior of the building.

The problem is, many people would not realize this because of the dark smog stains that still cover the outside of the building. Most buildings here have been cleaned since Pittsburgh's air quality laws have changed, but they all used to have the black dirt on them.

about us - The Union Project has some pics.

I do volunteer work there to help with the stained glass. This last week we've been working on the very last batch of windows (!) but the most amazing thing is. . .of all years I thought they would be able to clean the outside of the building . . . .it's happening now!

They got a matching grant and now have all they need to finish all the restoration needed This is going to have a big impact on the neighborhood

[future pather]

History In The (Un)making

Had to go out so I snapped this pic on my way back. This is the progress as of today:

[Vortex]

Zimbabwe Stock Exchange up 12,000% over 1 year

On August 10, 2009, when Jessica began talking about the recession ending, the DJIA was at 9337

Yesterday, November 22, 2010 the DJIA closed at 11,178

That is roughly a 13% increase!

admin and to ALL, i too, at one time, would have to "believe"
(which means without evidence)
that the rise in the market, the facts you gave above
(even though 100% truthful and factual)
is good news and to obtain comprehension otherwise,
requires Due Diligence.

i wish only to use this posting as an example to teach..
i mean no ill will towards you or anyone else.

Who has the time or a desire to research how incorrect the
information might be they "believe" to be true is?

What information we obtain lacks full disclosure ? ...
Lack of full disclosure meaning NOT all the details that would/could
expose a deception/illusion are given.

Thusly, this posting about the market, for most folk,
would seem to be dead on and rebuts the nay-sayers
about the "recession" recovery, but that would be
dead wrong .. not dead on.

Below will explain why 13% of the DJIA or 12,000% over 1 year
of the Zimbabwe Stock Exchange
is not a sign of GOOD NEWS ...
Zimbabwe: Best Performing Stock Market in 2007? http://mises.org/daily/2532


Foreign money exchange and center banks are fraud.
Therefore, purchases (in the market) are by definition are fraud as well.
See these videos:
Muhammad Rafeeq explains how the Central Banks around the world
are protected by the military and controlled in out of London.
Perspectives of Moral Political Economy - Muhammad Rafeeq - Global Vision 2000
PART 2 of Video Above
PART 3 of Video Above

We have been told falsehoods and/or deceptions via lack of full disclosure.
Perceptions/comprehension based upon falsehoods can ONLY be FALSE by definition.

walk within the light
randy

[future pather]

This thread is specifically for focusing on good news about the economy.

I'm sorry but this is not the thread for arguing about the economy or reports about it.

If you have something negative to say about the economy please do so in another thread. Thank you.

[Kevin]

Construction spending up for third straight month

Construction spending up for 3rd straight month in Nov. after hitting decade-low this summer

Construction spending up for third straight month - Yahoo! Finance

The strength in November came from a 0.7 percent rise in private residential construction which increased to $235.7 billion at an annual rate. That marked the third straight gain.

[life4living]

Had to go out so I snapped this pic on my way back. This is the progress as of today:

Now this is the sort of good news that I do believe. Well done, Jessica, and congratulations

[future pather]

Now this is the sort of good news that I do believe. Well done, Jessica, and congratulations

Thanks This building is also getting fix-ups to the roof and interior right now, as well as the weather being an issue but there is still progress being made on the outside. . .

[future pather]

Google's been expanding here, making use of a closed down Nabisco facility:

YouTube - New Google Pittsburgh Opens With Plenty Of Toys, Nod To History