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More bad news for republicans...
(Reuters) - The U.S. services sector grew in March at its fastest pace
in nearly four years, data showed on Monday, while pending sales contracts for existing homes rose in February, suggesting steady economic improvement. Housing Market The Institute for Supply Management said its service index grew in March for a third straight month, jumping to 55.4, its strongest reading since May 2006. That was up from February's 53.0 reading and above economists' forecasts for 54.0 for March. A reading above 50 indicates expansion in the sector. U.S. stock indexes rose and the dollar pared losses against the yen after the data, which bolstered hopes that the economy is recovering swiftly from a deep recession. Separate reports last week showed the U.S. manufacturing sector grew for an eighth straight month in March, expanding at its fastest pace since July 2004, while U.S. employers added jobs last month at the fastest rate in three years. "Looks like the good news continues," said Alan Gayle, senior investment strategist at Ridgeworth Investments in Richmond, Virginia. "All this suggests that the economic recovery is spilling over into job creation." A separate report from the National Association of Realtors showed contracts for pending sales of previously owned homes unexpectedly rose in February. Both reports "are generally supporting the idea that the recovery is moving ahead," said Tom Porcelli, senior economist at RBC Capital Markets in New York. "We're moving along here -- there's no better way to state it." The vast U.S. services sector accounts for some two-thirds of U.S. economic activity, and analysts say growth in this sector bodes well for consumer spending and overall employment. The employment component of the ISM index rose slightly in March, while new orders jumped as well. The Conference Board, a private research group, said the U.S. job market strengthened for a seventh straight month in March, with fewer Americans having trouble finding work. Economists say job growth is essential for continued economic expansion, particularly as government stimulus spending starts to fade. And despite improvements in the labor market, the jobless rate remained at 9.7 percent in March for a third straight month. -- Good news for America is, of course, bad news for the Republicans. |
More bad news for republicans...
On 05/04/2010 9:57 AM, hk wrote:
(Reuters) - The U.S. services sector grew in March at its fastest pace in nearly four years, data showed on Monday, while pending sales contracts for existing homes rose in February, suggesting steady economic improvement. Housing Market The Institute for Supply Management said its service index grew in March for a third straight month, jumping to 55.4, its strongest reading since May 2006. That was up from February's 53.0 reading and above economists' forecasts for 54.0 for March. A reading above 50 indicates expansion in the sector. For those in the know, it isn't expansion, it is currency deflation, otherwise known as inflation. Check out you gasoline proces. USD has lost about 5% of its value in the last month alone. And real estate isn't going to despreciate like USD.... Today, CAD is so close to par you wish you could shave like that. -- Liberal-statism is an addiction to other peoples money. |
More bad news for republicans...
On 4/5/10 12:51 PM, Canuck57 wrote:
On 05/04/2010 9:57 AM, hk wrote: (Reuters) - The U.S. services sector grew in March at its fastest pace in nearly four years, data showed on Monday, while pending sales contracts for existing homes rose in February, suggesting steady economic improvement. Housing Market The Institute for Supply Management said its service index grew in March for a third straight month, jumping to 55.4, its strongest reading since May 2006. That was up from February's 53.0 reading and above economists' forecasts for 54.0 for March. A reading above 50 indicates expansion in the sector. For those in the know, it isn't expansion, it is currency deflation, otherwise known as inflation. Check out you gasoline proces. USD has lost about 5% of its value in the last month alone. And real estate isn't going to despreciate like USD.... Today, CAD is so close to par you wish you could shave like that. For those in the know? Well, let's see...we have a number of private and governmental agencies showing, cautiously, growth...and we have Canuck57, a non-portfolio'd teabagger pimping the Republican bull****... Hmmm...it's sooooo hard to choose. -- http://tinyurl.com/ykxp2ym |
More bad news for republicans...
On 4/5/10 1:35 PM, Steve wrote:
On 5-Apr-2010, wrote: (Reuters) - The U.S. services sector grew in March at its fastest pace in nearly four years, data showed on Monday................. DAMN! That means pretty soon we'll need even more illegal Mexicans! (Legitimate Mexicans are building cars, TV's, electronics, home appliances etc. in Mexico, doing the jobs "Americans" just won't do.) You can NEVER have enough low wage retail clerks, car wash attendants and government lackies. You mean,there's hope that someday I am Tosk will be employed as a clerk or car wash attendant? Doubtful. -- http://tinyurl.com/ykxp2ym |
More bad news for republicans...
"Canuck57" wrote in message
... On 05/04/2010 9:57 AM, hk wrote: (Reuters) - The U.S. services sector grew in March at its fastest pace in nearly four years, data showed on Monday, while pending sales contracts for existing homes rose in February, suggesting steady economic improvement. Housing Market The Institute for Supply Management said its service index grew in March for a third straight month, jumping to 55.4, its strongest reading since May 2006. That was up from February's 53.0 reading and above economists' forecasts for 54.0 for March. A reading above 50 indicates expansion in the sector. For those in the know, it isn't expansion, it is currency deflation, otherwise known as inflation. Check out you gasoline proces. USD has lost about 5% of its value in the last month alone. And real estate isn't going to despreciate like USD.... Today, CAD is so close to par you wish you could shave like that. -- Liberal-statism is an addiction to other peoples money. And, you're an uninformed liar. -- Nom=de=Plume |
More bad news for republicans...
On Mon, 05 Apr 2010 14:21:02 -0400, hk
wrote: snipped for brevity Why? Whatever the price, we can afford it. We don't use any more than we want to...but that doesn't mean we can only buy so much. Truck drivers and small business freight companies should be encouraged by your analysis. http://www.wsws.org/articles/2008/ma...truc-m18.shtml |
More bad news for republicans...
"Steve" wrote in message ... On 5-Apr-2010, hk wrote: (Reuters) - The U.S. services sector grew in March at its fastest pace in nearly four years, data showed on Monday................. DAMN! That means pretty soon we'll need even more illegal Mexicans! (Legitimate Mexicans are building cars, TV's, electronics, home appliances etc. in Mexico, doing the jobs "Americans" just won't do.) You can NEVER have enough low wage retail clerks, car wash attendants and government lackies. The problem with the government lackies is that if you were to do a cost to value analysis (actual hours worked vs paid for) you end up in $100s/hour. Let's outsourse them all. |
More bad news for republicans...
On 5-Apr-2010, "mmc" wrote: DAMN! That means pretty soon we'll need even more illegal Mexicans! (Legitimate Mexicans are building cars, TV's, electronics, home appliances etc. in Mexico, doing the jobs "Americans" just won't do.) You can NEVER have enough low wage retail clerks, car wash attendants and government lackies. The problem with the government lackies is that if you were to do a cost to value analysis (actual hours worked vs paid for) you end up in $100s/hour. Let's outsourse them all. You CAN'T outsource them - what would a functional commercial enterprise advertise for? "Help wanted: Incompetent lardasses that have no original thoughts and resent having to work at all to fill the positions of making the public that pays their obscene "wages" frustrated with your incompetence."? Before you know it every loon from the post office and DMV and people that buy foreign cars would be beating thewir doors down. |
More bad news for republicans...
On 5-Apr-2010, hk wrote: You mean,there's hope that someday I am Tosk will be employed as a clerk or car wash attendant? Doubtful. He no sprechen ze Español??? |
More bad news for republicans...
On 4/5/10 4:20 PM, Steve wrote:
On 5-Apr-2010, wrote: DAMN! That means pretty soon we'll need even more illegal Mexicans! (Legitimate Mexicans are building cars, TV's, electronics, home appliances etc. in Mexico, doing the jobs "Americans" just won't do.) You can NEVER have enough low wage retail clerks, car wash attendants and government lackies. The problem with the government lackies is that if you were to do a cost to value analysis (actual hours worked vs paid for) you end up in $100s/hour. Let's outsourse them all. You CAN'T outsource them - what would a functional commercial enterprise advertise for? "Help wanted: Incompetent lardasses that have no original thoughts and resent having to work at all to fill the positions of making the public that pays their obscene "wages" frustrated with your incompetence."? Sounds like you are describing corporate America's wall street money managers and manufacturing execs... I doubt either of you could qualify for any medium or higher lever job with the federal government. -- http://tinyurl.com/ykxp2ym |
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