Do not expect to hear details about the economic proposal of the Republicans or the Democrats– the issue that is of most concern to the population. Therefore, we outline what needs to happen.
The economy continued to grind along slowly and did not show any signs of moving away from its current growth path of 1.5%, neither in an upward nor downward direction. Things not expected to change soon.
Everyone was braced for bad economic news following the disappointing unemployment numbers of last week. However, the week may be ending on a good note following J.P. Morgan’s earnings report.
A summary of key indicators shows that the economy is still getting weaker, despite the hope that the current slowdown would be temporary. Data on unemployment claims and retail sales are disappointing.
For the week of June 4, 2012 a summary of key indicators shows that the economy is weakening. The pace of the weaknesses very slow, but it is rather broad. The question is whether it is temporary.
The May Jobs Report showed unemployment increased to 8.2% and 69,000 new jobs created. Also, the labor force expanded by 642,000 and 422,000 more people were employed. The latter two figures are good.
Catherine Ross, Gazelle Index VP, said on CBS Morning Show, “To those who say ‘I’ve already paid for this,’ (i.e. the highway systems) my answer is, ‘Sometimes you have to pay to keep what you have,”
CNN’s Suzanne Malveaux Interviews Gazelle Index Publisher Danny Boston about May Jobs Report, which he calls, “Good, not so good and Bad “. Unemployment is 8.1%.
The unemployment rate declined from 8.2% in March to 8.1% in April, but this was mainly caused by a decline in the civilian labor force of 342,000 workers. Otherwise, unemployment may have increased.