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Last Quarter Gross Domestic Product SLASHED FROM 1.7% TO 1.3%

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Markle

Markle

Last Quarter Gross Domestic Product REVISED DOWN FROM 1.7% TO 1.3%

For the economy to begin to expand and jobs to become available a GDP of at least THREE PERCENT is needed.


Q2 GDP SLASHED TO 1.3%

| Sep. 27, 2012, 8:30 AM

The third reading on Q2 GDP just came out and the report was ugly.
The headline growth number was revised down to 1.3 percent on an annualized basis.

Economists expected the number to be unchanged at 1.7 percent.

Read more: http://www.businessinsider.com/final-q3-gdp-2012-9#ixzz27hgrO1rq

The economy continues to crash and President Barack Hussein Obama doesn't even have time for his security briefings much less JOBS.

Margin Call

Margin Call

Markle wrote:Last Quarter Gross Domestic Product REVISED DOWN FROM 1.7% TO 1.3%

For the economy to begin to expand and jobs to become available a GDP of at least THREE PERCENT is needed.

Huh? You should know that a positive GDP indicates the economy is expanding.

Get it? Positive = expanding: Negative = contracting.

Margin Call

Margin Call

You should be telling us about the Durable Goods report released today. That was bad.

Guest


Guest

Margin Call wrote:
Markle wrote:Last Quarter Gross Domestic Product REVISED DOWN FROM 1.7% TO 1.3%

For the economy to begin to expand and jobs to become available a GDP of at least THREE PERCENT is needed.

Huh? You should know that a positive GDP indicates the economy is expanding.

Get it? Positive = expanding: Negative = contracting.

I am sure your slant encourages these folks:

The unemployment rate edged down in August to 8.1 percent. Since the beginning of
this year, the rate has held in a narrow range of 8.1 to 8.3 percent. The number of
unemployed persons, at 12.5 million, was little changed in August. (See table A-1.)

Among the major worker groups, the unemployment rates for adult men (7.6 percent),
adult women (7.3 percent), teenagers (24.6 percent), whites (7.2 percent), blacks
(14.1 percent), and Hispanics (10.2 percent) showed little or no change in August.
The jobless rate for Asians was 5.9 percent (not seasonally adjusted), little
changed from a year earlier. (See tables A-1, A-2, and A-3.)

In August, the number of long-term unemployed (those jobless for 27 weeks or more)
was little changed at 5.0 million. These individuals accounted for 40.0 percent of
the unemployed. (See table A-12.)

Both the civilian labor force (154.6 million) and the labor force participation rate
(63.5 percent) declined in August. The employment-population ratio, at 58.3 percent,
was little changed. (See table A-1.)

The number of persons employed part time for economic reasons (sometimes referred to
as involuntary part-time workers) was little changed at 8.0 million in August. These
individuals were working part time because their hours had been cut back or because
they were unable to find a full-time job. (See table A-8.)

In August, 2.6 million persons were marginally attached to the labor force,
essentially unchanged from a year earlier. (These data are not seasonally adjusted.)
These individuals were not in the labor force, wanted and were available for work,
and had looked for a job sometime in the prior 12 months. They were not counted as
unemployed because they had not searched for work in the 4 weeks preceding the survey.
(See table A-16.)

Among the marginally attached, there were 844,000 discouraged workers in August, a
decline of 133,000 from a year earlier. (These data are not seasonally adjusted.)
Discouraged workers are persons not currently looking for work because they believe
no jobs are available for them. The remaining 1.7 million persons marginally attached
to the labor force in August had not searched for work in the 4 weeks preceding the
survey for reasons such as school attendance or family responsibilities. (See
table A-16.)

Margin Call

Margin Call

nochain wrote:
Margin Call wrote:
Markle wrote:Last Quarter Gross Domestic Product REVISED DOWN FROM 1.7% TO 1.3%

For the economy to begin to expand and jobs to become available a GDP of at least THREE PERCENT is needed.

Huh? You should know that a positive GDP indicates the economy is expanding.

Get it? Positive = expanding: Negative = contracting.

I am sure your slant encourages these folks:

Since when did the immutable laws of mathematics start being referred to as a "slant"?

Guest


Guest

we should change our official currency to apple products.

Margin Call

Margin Call

PkrBum wrote:we should change our official currency to apple products.

Perhaps we should invoke the spirit of Apple and steal some form of governance and monetary policy that works better.

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