Sunday, May 16, 2010

Jobs UP, Retail Sales UP 7 Months in a Row

Not only have we stopped hemorrhaging jobs at the rate of 700,000 a month as was the case at the end of the Bush/Cheney regime, but employment has actually increased substantially over the last several months.

According to the US Bureau of Labor Statistics, nonfarm payroll employment rose by 290,000 in April and it rose in March by 230,000.

Consumer confidence is up and "sales at US retailers climbed in April for a seventh straight month, signaling consumers are helping to broaden the economic recovery," according to Bloomberg Business Week.

A new Gallup Poll shows that a large majority in all income groups are better off now than they were a year ago. (Click on the graphic above for larger image.)

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