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View Full Version : REALLY bad economic survey figures....



PhinPhan1227
06-29-2004, 10:54 AM
...if you support John Kerry. :D You can monkey with all the other figures you want, but this is the one thaty counts in the voting booth.


"Consumer confidence leaps

Conference board measure of confidence posts 8-point gain to best level in two years.
June 29, 2004: 10:18 AM EDT



NEW YORK (CNN/Money) - U.S. consumers were far more confident in June, according to the most recent Conference Board survey released Tuesday, with the index coming in well above Wall Street expectations.

The board's June index came in at 101.9., up from the revised 93.1 reading in May. It marked the best reading for the index in two years. Economists surveyed by Briefing.com forecast the index would rise to 95.

Consumer confidence is important because it correlates closely with consumer spending behavior, and spending by consumers accounts for more than two-thirds of the U.S. economy.

"Looking ahead, consumers expect the economy to continue to grow at a healthy clip and to continue to generate additional jobs," said a statement from Lynn Franco, director of The Conference Board's Consumer Research Center. "And, with prices at the pump beginning to ease, the short-term outlook remains favorable."

The survey of 5,000 U.S. households found those who believe that business conditions are "good" rose to 25.6 percent, up from 22.2 percent in the previous survey, while those who believe conditions have worsened fell to 17.5 percent from 21.6 percent.

Those looking for further improvement in conditions rose to 23.4 percent from 22.8 percent, while those who believe conditions wll worsen declined to 9.2 percent from 10.1 percent.

The outlook on employment has also improved, helped by several months of strong monthly employment reports from the governmnent.

Those who said jobs are "plentiful" rose to 18.0 percent from 16.6 percent. That still trailed the 26.5 percent who said jobs are "hard to get." But that's down from the 30.3 percent who believed jobs were hard to get in the previous month's survey. "

These are trending numbers that could have a huge impact by the end of the summer.

themole
06-29-2004, 01:29 PM
...if you support John Kerry. :D You can monkey with all the other figures you want, but this is the one thaty counts in the voting booth.


"Consumer confidence leaps

Conference board measure of confidence posts 8-point gain to best level in two years.
June 29, 2004: 10:18 AM EDT

NEW YORK (CNN/Money) - U.S. consumers were far more confident in June, according to the most recent Conference Board survey released Tuesday, with the index coming in well above Wall Street expectations.

The board's June index came in at 101.9., up from the revised 93.1 reading in May. It marked the best reading for the index in two years. Economists surveyed by Briefing.com forecast the index would rise to 95.

Consumer confidence is important because it correlates closely with consumer spending behavior, and spending by consumers accounts for more than two-thirds of the U.S. economy.

"Looking ahead, consumers expect the economy to continue to grow at a healthy clip and to continue to generate additional jobs," said a statement from Lynn Franco, director of The Conference Board's Consumer Research Center. "And, with prices at the pump beginning to ease, the short-term outlook remains favorable."

The survey of 5,000 U.S. households found those who believe that business conditions are "good" rose to 25.6 percent, up from 22.2 percent in the previous survey, while those who believe conditions have worsened fell to 17.5 percent from 21.6 percent.

Those looking for further improvement in conditions rose to 23.4 percent from 22.8 percent, while those who believe conditions wll worsen declined to 9.2 percent from 10.1 percent.

The outlook on employment has also improved, helped by several months of strong monthly employment reports from the governmnent.

Those who said jobs are "plentiful" rose to 18.0 percent from 16.6 percent. That still trailed the 26.5 percent who said jobs are "hard to get." But that's down from the 30.3 percent who believed jobs were hard to get in the previous month's survey. "

These are trending numbers that could have a huge impact by the end of the summer.

I have paid a lot of attention to this sort of thing over the years because my job was directly affected by the construction industry. If my area of Florida was booming we were busy supplying power lines to the growth. If it slowed well...I would have to "roll" to where the work was. Fortunately for me that would be Daytona, St. Augustine or Palm Coast, all within a 45 min. drive for me. This has been over a 34 yr. span and I have NEVER seen a lack of jobs. They may not be the job one wants for the rest of his life but never the less the jobs were always there. Consider the "MILLIONS" of imagrants from South America that crossed our borders in the past 20-30 years. They are working somewhere. If a man wants to work and desperately needs a job...there are jobs a plenty.

PhinPhan1227
06-29-2004, 01:32 PM
I have paid a lot of attention to this sort of thing over the years because my job was directly affected by the construction industry. If my area of Florida was booming we were busy supplying power lines to the growth. If it slowed well...I would have to "roll" to where the work was. Fortunately for me that would be Daytona, St. Augustine or Palm Coast, all within a 45 min. drive for me. This has been over a 34 yr. span and I have NEVER seen a lack of jobs. They may not be the job one wants for the rest of his life but never the less the jobs were always there. Consider the "MILLIONS" of imagrants from South America that crossed our borders in the past 20-30 years. They are working somewhere. If a man wants to work and desperately needs a job...there are jobs a plenty.

More importantly, the per hour wage figures are up, so it's not just McDonalds jobs that are being created.

themole
06-29-2004, 02:13 PM
More importantly, the per hour wage figures are up, so it's not just McDonalds jobs that are being created.


I know, I know 12. My point was jobs are manipulated, especially good paying ones. No sooner than GWB took office the economy took a dive.

Everyone seems to scream the republicans are for big business. If big business is in control of America, then why did the economy take a dive as soon as big businesses man was in office?

Here's the manipulation. You here it on the financial news often "the economy is heating up, so the fed is raising interest rates to get a handle on it". With the exception of Ike, every Republican president I can think of has had to deal with this manipulation.

I don't know the answer, but I hate that the economy of this country, and the world for the most part, is left in the hands of a private corporation such as the Federal Reserve System.

Alan Greenspan, is THE throttleman for our economy, not WJC or GWB! Economy creates jobs, but since 51% of the workers in the U.S., is employed by some form of government, I guess that is where the politician gets off by saying they created 1 single job. They shouldn't! :D

PhinPhan1227
06-29-2004, 02:27 PM
I know, I know 12. My point was jobs are manipulated, especially good paying ones. No sooner than GWB took office the economy took a dive.

Everyone seems to scream the republicans are for big business. If big business is in control of America, then why did the economy take a dive as soon as big businesses man was in office?

Here's the manipulation. You here it on the financial news often "the economy is heating up, so the fed is raising interest rates to get a handle on it". With the exception of Ike, every Republican president I can think of has had to deal with this manipulation.

I don't know the answer, but I hate that the economy of this country, and the world for the most part, is left in the hands of a private corporation such as the Federal Reserve System.

Alan Greenspan, is THE throttleman for our economy, not WJC or GWB! Economy creates jobs, but since 51% of the workers in the U.S., is employed by some form of government, I guess that is where the politician gets off by saying they created 1 single job. They shouldn't! :D

All very true. And honestly, no President has more than a tiny influence on the economy, good or bad. But if Bush is going to get slammed when times are bad, he deserves praise when times are good again.

ohall
06-29-2004, 07:49 PM
Do you guys ever notice how sad and pissed Kerry looks when these positive figures come out? You would think he'd be jumping for joy. After all his personal wealth must be through the roof because of Bush's TAX cuts!

Oliver...