Dec 23, 2010


The United State Economy Signs of Healing

  • Dec 23, 2010
  • Share
  • The United State is  country among other country that faced with Financial Crisis. But now a flurry of economic reports shown that he U.S. economy getting a bit better after faced in the pass years.

    Aa key measure of future factory output had its strongest showing in eight months, Commerce Department said.

    The data show durable goods, outside the volatile transportation sector, rose 2.4 percent in November. Manufacturing has been a bright spot in the troubled U.S. economy, as the falling dollar has given U.S. exports a price advantage on world markets.

    A separate report on consumer spending showed it rose for the fifth month in a row. Economists watch consumer spending because consumer demand drives a majority of U.S. economic activity.

    And the Labor Department says the number of people signing up for unemployment assistance dropped slightly last week, a sign that the job market may be slowly healing.

    According to the Voice of America mentioned on Thursday that the first-time claims for jobless benefits fell 3,000 to a total of 420,000. Some economists say claims will have to drop even more to indicate the sort of hiring and economic growth needed to make a significant cut in the 9.8 percent unemployment rate.

    0 Responses to “The United State Economy Signs of Healing”

    Post a Comment

    Leave your comment here if you have any comment or want to share your idea.... I really appreciate all your comments.

    back to top