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Incidentally, just yesterday, North America surpassed the EU in terms of total managed wealth to regain it's #1 position. This shift was mainly driven by the US economy. In 2008, the region had fallen behind the EU... The comparative rate of wealth accumulation is also second only to Asia/Pacific.
In other words, while the local job market may still not be doing so well, the economy as a whole is certainly outperforming most other regions. Seems to me, this is a fairly good sign that long-term economic strategies aren't quite as dire...
Obama took office when the economy was shedding 700,000 jobs per month. The economy added 245,000 jobs in April.
Yup and it was the LARGEST job gain in 5 YEARS. The PRIVATE SECTOR is now doing great. The job losses are in the Public Sector - an area the GOP is demanding even MORE job losses in. Even WITH those government cuts the economy still produced a NET job GAIN of over 750,000 jobs in the last 3 months.
"(Reuters) - Companies created jobs at the fastest pace in five years in April, pointing to underlying strength in the economy even as the jobless rate rose to 9.0 percent.
Private sector hiring, including a big jump at retailers, boosted overall nonfarm payrolls by 244,000, the largest increase in 11 months, the Labor Department said on Friday. Economists had expected a gain of only 186,000.
The private sector created 268,000 jobs, the most since February 2006, while government payrolls shrank"
And for those out there who ONLY believe something if FOX News reports it:
"... businesses felt confident enough in April to add 268,000 net jobs. It was the biggest monthly hiring gain in five years. Over the past three months, companies have added an average of 250,000 jobs a month — the best hiring stretch since a year before the recession began."
IN all fairness, I think the economy has stabalized but I don't think any politicians will be running on the great economic recovery in 2012!
They will all run from the issue and if cornered, they will blame the otherside...
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