We’ve gotten a few bits of good news in the last week that lead me to believe the economic free-fall is at an end. But, if we’re at the bottom, is there a sub-bottom, a basement, or are we on the verge of economic recovery–no where to go but up?
- U.S. gross domestic product (GDP) contracted only 1% in Q2 2009, compared with the 6.4% in Q1 2009.
- The number of newly laid-off people applying for jobless benefits decreased by 10,000 this week for a total of 570,000 claims, compared with 580,000 last week.
- Home sales were up 9.6% in July, the most in 4 years, and the fourth month of growth.
- Orders for durable goods were up 5%, marking a third month of growth.
- The unemployment rate appears to be holding steady between 9.4% and 9.5%.
We’re not counting our clunkers before they’re counted, but we expect the Cash for Clunkers program will add a healthy bounce to the automotive sector, and that the Back-to-School Season won’t be a complete wash.
Recession over? Recovery beginning? Given a choice, Careersthatdontsuck.com chooses hope. Join us.
Related Posts
If you liked my post, feel free to subscribe to my rss feeds
