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jps

On Sat, 08 Aug 2009 15:53:45 -0400, wrote:

On Sat, 8 Aug 2009 11:46:15 -0700, "Calif Bill"
wrote:

"jps" wrote in message
. ..
On Fri, 07 Aug 2009 19:45:56 -0500, Vic Smith
wrote:

On Fri, 07 Aug 2009 19:07:29 -0400, H the K
wrote:

...the Republicans are foched.

Surprisingly strong jobs data signal turning point

By JEANNINE AVERSA (AP) - 32 minutes ago

WASHINGTON - It's the clearest sign yet the recession is finally ending:
Employers laid off far fewer workers in July, the jobless rate dipped
for the first time in 15 months and workers' hours and pay edged upward.
Those are the kind of figures that could give Americans the
psychological boost necessary for recovery to take root after the worst
recession since World War II.

A net total of 247,000 jobs were lost last month, the fewest in a year
and a drastic improvement from the 443,000 that vanished in June.

The Labor Department's report Friday showed that the unemployment rate
dropped a notch to 9.4 percent in July, from 9.5 percent the previous
month. Together with slight increases in the average workweek and wages,
the new figures suggested the economy is in a transition from recession
to recovery.

Don't believe all that. The gov adjusted the figures by dropping off
those who have given up looking for a job.

There were also fewer jobs lost in July than in previous months.
Lot less jobs to lose.

I believe that is true. The companies that were going under, pretty
much have by now.

And so does that not indicate that the loss of jobs is slowing? I
don't get your point.

The real question everyone is asking is when do we hit bottom and
start the real recovery.

When banks start lending money to going concerns that have real
business.

Wall Street seems to think we already have. I am very happy with my
little bag of stocks. Those people who doubled down on their 401k when
everyone else was running like scalded dogs are doing OK. My wife
argued with me about it at the time but she is smiling now.

It was a good opportunity for those with cash. Probably still is if
one is discerning.

Money needs to start flowing at a faster rate and folks need to feel
as though we're headed in the right direction. If so, they'll pull
their hands out of their pockets, perhaps a bit more slowly than they
shoved them in.

A change in mood would certainly help.