(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.

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.

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

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

"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

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

"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.

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.

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???

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