Bad News For People Who Hate Good News (economy added 243,000 jobs in January)

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The corpse continues to stir . . .

U.S. Jobless Claims Are Lowest Since 2008

The number of people seeking unemployment benefits fell to the lowest point in almost four years last week, the latest signal that the job market is steadily improving.

In other economic news, a rise in building permits suggested that the construction industry was growing confident that more buyers were ready to come off the sidelines, and the latest data on wholesale prices signaled that inflation remained largely in check.

The Labor Department said on Thursday that weekly applications for unemployment benefits dropped 13,000 to a seasonally adjusted 348,000. It was the fourth drop in five weeks and the fewest number of claims since March 2008.
 
The number of people seeking unemployment benefits fell to the lowest point in almost four years last week, the latest signal that the job market is steadily improving.

In other economic news, a rise in building permits suggested that the construction industry was growing confident that more buyers were ready to come off the sidelines, and the latest data on wholesale prices signaled that inflation remained largely in check.

The Labor Department said on Thursday that weekly applications for unemployment benefits dropped 13,000 to a seasonally adjusted 348,000. It was the fourth drop in five weeks and the fewest number of claims since March 2008.

I can attest that, in my neck of the woods, residential has definitely picked up. I don't know how, as there seems to be a saturation of available inventory. But, nonetheless, permits have increased significantly as of late and will continue through the summer.
 
I can attest that, in my neck of the woods, residential has definitely picked up. I don't know how, as there seems to be a saturation of available inventory. But, nonetheless, permits have increased significantly as of late and will continue through the summer.

I posted this on another thread....they are building new homes in my sub, with existing (and even some new) houses for sale on every street. I think there is some knowledge/great anticipation that EADS is coming here soon.
 
I will repeat my earlier prediction.
The economy picks up steam over the course of 2012, Republicans yawn their way to the polls in November, Obama wins re-election in a laugher.
 
Bank on it. I have said this for awhile.

There are some possible "uh-oh's" that could change this; if something bad happens with Iran, all bets are off because the only consequence we know for sure that will come about if that happens is that gas will be way over $5 a gallon, which will probably crush the economy.
 
There are some possible "uh-oh's" that could change this; if something bad happens with Iran, all bets are off because the only consequence we know for sure that will come about if that happens is that gas will be way over $5 a gallon, which will probably crush the economy.

Iran is a go. On this we have no choice I am afraid. Gas can go there even if the Iran affair does not go fully ugly.
 
If past is prologue, the economy will continue to slouch it's way to a recovery, Obama will take credit for all the good news instead of admiting his policies delayed the recovery by a couple of years, and enough people will believe Obama over whichever cretin the GOP runs against him. Four more years of good times.
 
Iran is a go. On this we have no choice I am afraid. Gas can go there even if the Iran affair does not go fully ugly.

Gas will hit $4 by memorial day here and will probably keep going up slowly, but if it hits the fan in Iran it will hit $5 almost instantly, and no one knows where the top is...
 
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