Two-year low for layoffs hints at hiring pickup

[Karmic Spirit]

http://www.google.com/hostednews/ap/arti...fdba3544df

Quote:WASHINGTON (AP) — November marked a two-year low for the number of people applying for initial unemployment benefits, suggesting that the tight job market may be easing at last.
The slowing of layoffs and a solid month for retailers are the latest evidence of a strengthening economy in the final months of the year. Even the struggling housing market showed signs of improvement: On Thursday, it posted a third straight monthly increase in signed contracts for home purchases.
...
— The National Association of Realtors said the number of people who signed contracts to buy homes jumped in October, marking the third gain since contract signings hit a low in June. The association's index of sales agreements for previously occupied homes rose 10.4 percent in October. Contract signings were up in every region of the country except the West.
And earlier this week, other economic reports showed that factories are pumping out more goods, construction spending is up and auto sales are rising.
"We are heading in the right direction. The economy is going from a crawl to walking speed," said Ken Mayland, president of ClearView Economics. "It isn't a trot or a gallop but it is a faster pace."

[Cha]

(12-03-2010 10:07 AM)Karmic Spirit Wrote:  http://www.google.com/hostednews/ap/arti...fdba3544df

Quote:WASHINGTON (AP) — November marked a two-year low for the number of people applying for initial unemployment benefits, suggesting that the tight job market may be easing at last.
The slowing of layoffs and a solid month for retailers are the latest evidence of a strengthening economy in the final months of the year. Even the struggling housing market showed signs of improvement: On Thursday, it posted a third straight monthly increase in signed contracts for home purchases.
...
— The National Association of Realtors said the number of people who signed contracts to buy homes jumped in October, marking the third gain since contract signings hit a low in June. The association's index of sales agreements for previously occupied homes rose 10.4 percent in October. Contract signings were up in every region of the country except the West.
And earlier this week, other economic reports showed that factories are pumping out more goods, construction spending is up and auto sales are rising.
"We are heading in the right direction. The economy is going from a crawl to walking speed," said Ken Mayland, president of ClearView Economics. "It isn't a trot or a gallop but it is a faster pace."

Slow and steady is good!

[Kindness of Blue]

(12-03-2010 10:07 AM)Karmic Spirit Wrote:  http://www.google.com/hostednews/ap/arti...fdba3544df

Quote:WASHINGTON (AP) —
"We are heading in the right direction. The economy is going from a crawl to walking speed," said Ken Mayland, president of ClearView Economics. "It isn't a trot or a gallop but it is a faster pace."

Great trends in many important sectors. Thanks for posting!

[Treestar]

Just hope it keeps up through 2011 and is roaring by 2012. When you get down to it, that is all that matters.

[Kindness of Blue]

(12-06-2010 09:29 AM)Treestar Wrote:  Just hope it keeps up through 2011 and is roaring by 2012. When you get down to it, that is all that matters.

"roaring by 2011," gives me the chills thinking how wonderful that will be!