Posts Tagged ‘economic’
DOUBLE DIP Recession?! The Economic Downturn Never Ended!
February 3rd, 2012 | 
Author:
My views about a how the government discounts discouraged workers to artificially lower unemployment numbers, the worsen economic situation in America, 3.7 million Americans on the verge of losing unemployment benefits, NASA finding possible evidence of water on the surface of Mars and one great cop. Beneath Jobs Report Surface Lie Some Ugly Truths www.cnbc.com US Weekly Jobless Claims Edge Lower But Remain Elevated www.rttnews.com US Factory Orders Fall Less Than Expected In June www.rttnews.com Recession Seen Looming as Jobless Benefits End www.cnbc.com Oil Falls to Six-Month Low Amid Stalled Economy Fears www.cnbc.com Dollar Drops To 2-day Low Against Swiss Franc www.rttnews.com Gold around 1660 www.kitco.com Tepco Says Highest Radiation Yet Is Detected at Fukushima Dai-Ichi www.bloomberg.com TSA to put Hub fliers on the spot www.bostonherald.com One Great COP www.youtube.com Trickle of Salt Water — on Mars news.discovery.com
Related Posts:
Tags: 
Colorado’s Small Business Would Benefit From Stronger U.S. Economic Growth
Denver, CO (PRWEB) November 10, 2011
The Vectra Bank Colorado Small Business Index for Colorado measured 114.3 in October 2011, down from a revised 114.8 in September 2011
Colorados unemployment rate was estimated at 8.3% in the latest month, down from the prior months 8.5% rate. Total employment grew by 23,100 jobs during the past 12 months
Improving U.S. economic performance in 2011s third quarter, should it continue, would provide a stronger foundation for growth within Colorados small business sector. Any improvement in what has been to date meager U.S. economic growth would pay dividends for Colorado’s small business sector, says Jeff Thredgold, corporate economist for Vectra Bank Colorado.
The U.S. economy saw a gain of 80,000 net new jobs during October, slightly below expectations. However, estimated job gains of the two prior months were revised higher by 102,000 jobs. The U.S. unemployment rate declined to 9.0%, versus 9.1% in the three prior months
U.S. ECONOMIC GROWTH IMPROVES
According to the U.S. Commerce Department, American economic growth improved during 2011s July-September quarter, especially when compared to the anemic economic performance during the years first half. Slightly softer economic growth seems on tap in coming quarters, however, plenty of obstacles will be faced along the way, says Thredgold.
U.S. GDP, the most inclusive measure of economic activity taking place on U.S. soil, grew at a 2.5% real (after inflation) annual rate during the third quarter, matching the consensus view of forecasting economists. The 2.5% growth pace greatly exceeded the 1.3% real annual growth pace of the second quarter and the pathetic 0.4% growth pace during the January-March 2011 quarter.
Even as economic growth has improved, it still lags the 3.0%-4.0% real annual growth pace needed to bring the nations unemployment rate down from the 9.0% average of the past three years. Slow to moderate growth is the consensus, and recent data has dampened the worst-case views of those economic forecasters calling for an imminent return to recession.
The American consumer spent money more aggressively during the third quarter, with personal consumption rising at a 2.4% rate. Such growth rose at a lesser 0.7% pace in the prior quarter. American businesses also stepped up their spending pace during the third quarter, with investment in equipment and software rising at a 17.4% annual rate, the strongest pace in a year.
The American economy finally exceeded the real pre-recession peak of total economic output during 2007s final quarter. It took 15 quarters to offset the 5.1% decline in output during the Great Recession. This was three times the average number of quarters needed to reach the prior peak in other post-WWII recessions.
The level of U.S. economic performance is a component of the Colorado Small Business Index, as are the performances of the global and Intermountain economies. Stronger performance of any of the three pushes the Index higher.
The Vectra Bank Colorado Small Business Index for Colorado measured 114.3 in October 2011, down from a revised 114.8 in September 2011. The Index measures business conditions from the viewpoint of the Colorado small business owner or manager.
A lower Index number is associated with less favorable business conditions for Colorados small businesses. The Index uses 100.0 for calendar year 1997 as its base year. The Index also includes revisions to various historical and new forecast components as they become available.
IN COLORADO
The Colorado unemployment ratethe most heavily weighted component of the Vectra Bank Colorado Small Business Index for Coloradowas estimated at 8.3% in the most recent month, down from the 8.5% rate of the prior month. The 8.3% rate compares to the 8.8% rate 12 months ago. A lower Colorado jobless rate is a negative contributor to the Index as it suggests decreased access to labor for small businesses. Other associated factors typically tied to a lower unemployment rate, such as greater job creation, greater income gains and higher retail sales, pull the Index higher.
The states unemployment rate averaged 8.9% during 2010, 8.3% during 2009, 4.8% in 2008, 3.7% in 2007, and 4.3% in 2006. Colorados jobless rate averaged 4.6% between 1990 and 2005.
The last 12 months saw an estimated increase in Colorado employment of 23,100 jobs. This increase compares to a revised gain of 20,900 jobs in the prior year-over-year period. Colorado lost 25,500 jobs in 2010, lost 104,700 jobs in 2009, added 19,000 jobs in 2008, added 52,200 jobs in 2007, and added 53,100 jobs in 2006.
These job totals compare to gains averaging 46,500 net new jobs annually between 1990 and 2005. More recently, job gains leading to greater income creation and stronger retail spending, have a positive impact upon Colorados small businesses.
NATIONAL EMPLOYMENT
The U.S. Department of Labor reported a gain of 80,000 net new jobs in October 2011, weaker than the 100,000 net gain expected. However, estimated job gains of the two prior months were revised higher by 102,000 jobs.
The U.S. unemployment rate declined to 9.0% in October, versus the 9.1% rate of the three prior months. The current 9.0% jobless rate compares to the 9.7% rate of one year ago, the 10.1% rate of October 2009, and the 6.6% rate during October 2008.
Goods producing employment fell by 10,000 jobs in October, with a loss in construction (down 20,000 jobs) larger than the rise in manufacturing (up 5,000 jobs) and mining & logging employment (up 5,000 jobs). Private-sector service providing employment rose by 114,000 jobs in October, led by gains in professional & business services (up 32,000 jobs) and education & health services (up 28,000 jobs). Overall government employment fell by another 24,000 jobs during the month.
The U.S. economy suffered a net decline of 3.6 million jobs during 2008, the worst year since 1945. The net loss of 5.1 million jobs during 2009 easily surpassed the 2008 total. The American economy added 940,000 net new jobs during 2010, or 78,000 per month. Gains-to-date during 2011 have totaled 1,256,000 jobs, or 126,000 per month.
Roughly 130,000 net new jobs need to be added monthly just to meet the needs of a rising population, and just to keep the unemployment rate stable. Consistently stronger gains are necessary to lead the unemployment rate lower.
The November 2011 Vectra Bank Small Business Index for Colorado will be released on December 8, 2011.
With more than $ 2 billion in assets, Vectra Bank Colorado is a proactive, customer-focused organization dedicated to real relationship banking. Part of the Zions Bancorporation(NASDAQ:ZION) family of banks, Vectra serves Colorados small, middle-market and corporate business clients with approximately 40 locations throughout Colorado, and one in Farmington, N.M. The banks website address is http://www.vectrabank.com.
###
Related Posts:
Unused 1911 Antique C V Dwiggins Socio Economic JOB Postcard Unemployment
 | US $875.00 End Date: Saturday Feb-04-2012 14:48:14 PST Buy It Now for only: US $875.00 Buy it now | Add to watch list |
JOBS America's Leading Export Bumper Sticker anti outsourcing unemployment
 | US $3.55 End Date: Saturday Feb-04-2012 15:15:24 PST Buy It Now for only: US $3.55 Buy it now | Add to watch list |
NEW Herbert Hoover, Unemployment, and the Public Sph...
 | US $71.74 End Date: Saturday Feb-04-2012 16:36:47 PST Buy It Now for only: US $71.74 Buy it now | Add to watch list |
Related Posts:
Economic Negativity Differs by State
Gallup Polls from January through June of 2008 find that Rhode Islanders exhibit the most negative views of the US economy and citizens in Utah exhibit the least negative views.
Video Rating: 4 / 5
Related Posts:
Economic Outlook Finely Balanced – NASDAQ
|
Economic Outlook Finely Balanced
NASDAQ The Treasury yield curve, initial jobless claims and average workweek made positive contributions to the leading indicators index, while consumer expectations served as a drag. Several first-tier economic reports are due in the unfolding week and these … |
|
Stocks Starting To Lose That Rosy Glow; Here's Why A 'February Flop' Looms
Wall Street Journal (blog) But many of the economic figures we love to monitor, ie jobless claims, manufacturing data, retail sales, have all beaten relatively low expectations. As economists start raising the bar and expecting more from the economy, it will be tougher to exceed … |
|
Traders Apprehensive As Euro Leaders Meet, Week's Key Events Loom
NASDAQ Weighed down by mixed earnings, a lackluster jobless claims report and the Eurozone debt worries, the markets closed lower yet again on Thursday. Data showing a smaller than expected fourth quarter expansion by the US economy left traders concerned on … |
Related Posts:
LKX90w – Projector lamp – UHB – 285 Watt – 2000 hour(s) (standard mode) / 3000 hour(s) (economic mode)
LKX90w – Projector lamp – UHB – 285 Watt – 2000 hour(s) (standard mode) / 3000 hour(s) (economic mode)
3M is a company with leading positions in consumer and office display and graphics electronics and telecommunications health care industrial safety security and protecti
List Price:
Price: 545.99
Related Posts:
Economic Reports for the Week Ahead – New York Times
|
Economic Reports for the Week Ahead
New York Times … January and construction spending for December (Wednesday); weekly jobless claims and productivity for the fourth quarter (Thursday); and unemployment for January, the ISM nonmanufacturing index for January and factory orders for December (Friday). |
Related Posts:
Economic Cents: How Do I Apply for Unemployment in Utah?
To assist Utahns through tough economic times, KBYU Eleven presents information about applying for unemployment in Utah.
Video Rating: 5 / 5
Related Posts:
Immigration as an Economic Engine (Video)
ORIGINALLY RECORDED June 15, 2011 Edward Alden, Alejandro Mayorkas, and Vivek Wadhwa address the benefits of immigration reform for the economic future of the United States. The session focuses on the many important contributions immigrants make creating jobs in the country and addressed what can be done fix the system currently in place. This session was part of the symposium, The Future of US Immigration Policy: Next Steps. This event was made possible through the generous support from the Ford Foundation. SPEAKERS: Edward Alden, Bernard L. Schwartz Senior Fellow, Council on Foreign Relations Alejandro Mayorkas, Director, US Citizenship and Immigration Services, US Department of Homeland Security Vivek Wadhwa, Senior Research Associate, Labor and Worklife Program, Harvard Law School INTRODUCTORY SPEAKER: Richard N. Haass, President, Council on Foreign Relations PRESIDER: Matthew Winkler, Editor in Chief, Bloomberg News www.cfr.org
Related Posts:
CAMEO Reports: All Eyes on Very Small Business – Congress Considers 11 Micro-related Bills and World Economic Forum in Davos Discusses Self-employment as Job Creation
San Francisco, CA (PRWEB) January 26, 2012
After researching bills in Congress, CAMEO – California Association for Micro Enterprise Opportunity has found 11 micro-related bills in Congress that will be considered for this session that will help very small businesses. In the same week as Congress goes back to work, economic leaders meet in Davos, Switzerland and one of their four main topics is new models of job creation that includes helping the unemployed become self-employed.
Never before has so much attention been on micro-business in Congress and the streets of Davos, said Claudia Viek, C.E.O. of CAMEO. To have leaders abroad and close to home taking action and discussing ways to foster micro-business, confirms what Ive known for 25 years that micro-businesses create jobs and economic growth.
The founder of the World Economic Forum, Professor Klaus Schwab, writes, The key to mitigating a catastrophic situation is to provide young people with the capability to create their own jobs: to move from the pure concept of unemployment to the concept of micro-entrepreneurship. This will require fundamental changes in educational systems, nurturing a societal spirit of entrepreneurial risk-taking,
Bills that are being considered in U.S. Congress encourage self-employment, provide tax credits for investment, offer access to capital for very small businesses and organizations that provide entrepreneurship training programs. More specifically, the bills would: