economy-recovering-omg(2) - Economy Recovering Updates...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Economy Recovering Updates Dartmouth 2K9 1 ECONOMY RECOVERING NOW The extensions was designed with full employment in mind so if you’re hitting something different, you may have to customize things differently before the round . The blocks could bog you down so make sure this is highlighted SUPER EFFICIENTLY! **KRUGMAN CAME OUT YESTURDAY TO AND SAID THE ECONOMY IS GOING TO BE FINE. **ALL OUR CARDS ARE REALLY REALLY REALLY RECENT. THEIRS AREN’T. -scott Economy Recovering 1/2 Economy is recovering 1. Stocks and decreased unemployment benefits Paradis AP staff writer 7/31 (Tim Paradis AP staff writer July 31, 2009 AP newswire Stocks jump on upbeat earnings, employment reports) Corporate earnings are giving stocks another burst of energy. Stocks surged Thursday as stronger- than-expected profit reports and a surprise drop in the number of people continuing to seek unemployment benefits handed investors the latest evidence that the economy could be strengthening. Major stock indicators rose more than 1 percent , including the Nasdaq composite index, which crossed 2,000 for the first time since October. The Dow Jones industrial average jumped 150 points. Earnings reports have driven a July rally and on Thursday gave investors new reasons to be optimistic about the prognosis for a recovery. Motorola Inc. used deep cost cuts to wring a profit from its latest quarter. Analysts had expected a loss. U.S. economy "has found bottom. " 2. Unemployment decreasing Agence France-Presse, 8-7 (Rob Lever, AFP, “Turn in US jobs data boosts recovery hopes”, 2009 WASHINGTON — A surprise improvement in the US unemployment rate amid narrowing job losses has boosted hopes that the world's biggest economy is emerging from the grip of recession, analysts say . The jobless rate fell one-tenth of a point to 9.4 percent in July as job losses narrowed to 247,000 from 443,000 in June, a Labor Department report showed . The report provides a clear signal that the labor market and the economy have likely turned the corner after a brutal recession that began in December 2007, said analysts. "With the fall-off in the pace of job losses appearing to be gaining some traction and the improved tone of other economic reports, it appears that the US recession may well be in its last throes ," said Millan Mulraine, economic strategist at TD Securities . "In fact, given the recent flow of economic Last printed 0/0/0000 0:00:00 AM 1
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Economy Recovering Updates Dartmouth 2K9 2 reports, it is now conceivable that the US economy may post its first quarterly growth for some time in the third quarter. " This report and other upbeat data "reinforce our view that the US recession ended in June," said Dean Maki, economist at Barclays Capital, which is calling for growth at a 3.5 percent pace in the third quarter. "After a period of
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 10

economy-recovering-omg(2) - Economy Recovering Updates...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online