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More Signs of An Economic Recovery



July 05, 2012 – Comments (2)

Today, a couple of important indicators of various aspects of the U.S. economy came out. Some of the most important of these involved jobs figures. The ADP Jobs Report came in strong with an increase of 176,000 jobs in June. This is even better considering that the previous month posted a 136,000 jobs increase and expectations for June job figures hovered around 95,000. Also, initial jobless claims came in less than expected at 374,000 compared to a 386,000 consensus.

These positive figures have in turn led economists to revise their forecasts for tomorrow's nonfarm payrolls report to a consensus gain of 100,000 new jobs from the 95,000 previously predicted.  


2 Comments – Post Your Own

#1) On July 06, 2012 at 3:04 PM, LongShortIndex (29.81) wrote:

What are the average pays for these 'new' jobs?

What was the average pay for the jobs that were eliminated?

Jobless claims are coming in less than expected, but is it because more people are unqualified to claim?

Answers to these questions may lead to the conclusion that these figure-tracking becomes a mute point and trivial in the larger scheme of things, to anyone reading this, YOU are enabling future economic hardships by holding even miniscule deposit money at the largest banks - they love OtherPeoplesMoney!


A bank can only be in business and be solvent as long as there are depositors money to support their assets. YOU, your friends, family, coworkers are providing a LIFELINE to these banks with your $50 here, and $50 there in bank accounts.

SOLVE this now by moving the funds into a community bank or credit union (and support the economy of your area instead of supporting these fraudsters playing with OtherPeoplesMoney in asia, europe, wall street, & Wash DC economies). This also effectively changes voting representation in the regional central bank offices. You should have $0 in deposits at Wells Fargo, JP Morgan Chase, BofA, Citi, Barclays, and HSBC! Don't be ignorant, learn that most community banks & credit union networks provide the same conveniences as the above mentioned entities.

Doing the above is simply more powerful than most people's votes.

As for the political process, well...

Bush = Obama = Romney = Pelosi = Gingrich

they all want bigger government

they all support central banking monopoly

they all push for keynesian policies

they all ensure mega corporate power with larger govt.

they all push for higher tax on middleclass (whether actual taxes or inflation tax)

they all support UN & wars

they all support the enabling of white collar crimes/loopholes (without real, pervasive penalties)

the policies set forth by these 'officials'/govt ppl are making the poor become poorer and destroying the middle class.

1) the solution is to recognize the corrupt two party system (and how the democrats and republicans have worked cohesively together in killing REAL debates in this country in over the past couple of decades)

2) after recognition of 1), you should identify the few in either party that has actually voted what they preach, & what they preach goes against the mainstream congress

3) support the few real representers of the american people in either side, and become involved yourself in the political races

4) educate others, talk to friends family, and engage strangers in public with identifying ppl who are wronging us (and also righting us)

5) understand we may not need more legislation today (and in the future), but instead, may need to massively undo most legislation of the past few decades to get to a better place 

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#2) On July 06, 2012 at 3:10 PM, ThePoulTrend (48.04) wrote:

Good, But not good enough

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