The Commerce Department reported U.S. consumer spending rose by 1.3 percent in October, doubling the 0.6 percent gain from September. Prices, however, rose 5 percent compared with the same period last year, the fastest inflation rate over 12 months since the autumn of 1990.
Personal incomes, one of the premier indicators of future spending, rose 0.5 percent in October following a 1 percent dip in September. The decline was explained by an end to some government support payment programs. The rise is likely explained by companies in severe need of workers, giving employees leverage to ask for raises or higher starting wages.
"After experiencing one of the most severe economic shocks of the past century in 2020, the U.S. economy has displayed one of the most rapid recoveries in modern history in 2021," Gregory Daco, chief U.S. economist for Oxford Economics, wrote in a note to clients.. The quarter beginning with October is expected to help the economy rebound unless the recent rise in COVID cases or increasing inflation slows holiday shopping over the next month.
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But, turkeys did not just go up just a dollar like Psaki said. Like her boss, she lies, lies, lies.
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U.S. weekly jobless claims hit 52-year low, economy regaining speedThe plunge in claims reported by the Labor Department on Wednesday was exaggerated by the model the government uses to strip out seasonal fluctuations from the data. 'There might be some seasonal adjustment problems, but the handwriting is on the wall and all the anecdotal reports on how companies cannot find the help they need are true,' said Christopher Rupkey, chief economist at FWDBONDS in New York. 'The economy will finish the year with a bang.' The reason it’s at its lowest is because everybody’s already signed up for it. And also because there’s nobody working to lose their jobs to have to sign up for it. That's great! We're moving in the right direction. People filing for unemployment isn't the same as people who are unemployed. If you are a fucking child who rage quits your job, you can't file for unemployment.
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U.S. Jobless Claims Expected to Edge DownEmployers likely curbed layoffs last week as demand for labor remains strong, economists say. I know we all probably must have heard about Bitcoin but don't know how it works I tried it a week ago by a fellow tweeter who recommended me to JULIE_FX_TRADER she guided me through and i made a return of $25,000 after a week of trading, connect with her. JULIE_FX_TRADER Don't trust the liberal media.
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Jobless claims hit lowest level since 1969Weekly claims for unemployment benefits finally fell below their pre-pandemic levels, according to data from the Labor Department. How is this stuff made Up-Lets count the 'For Hire'signs as of today, There are as many or more , and more will be. Hard to believe these State run media Sources. Spread the word! Funny cause i live in nyc and i see big and small stores like best buy, target and other stores throughout the city with help wanted signs. Mainly looking for people for the holiday season until at least christmas eve/day. Biden's economy is a joke. Just my opinion!
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New Jobless Claims Unexpectedly Sink To 52-Year Low Despite 2 Million Americans Still Receiving Unemployment BenefitsAbout 199,000 people filed new jobless claims—the lowest level since November 1969. For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to him Arnoldnike93 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success⚖️ Thanks a lot Biden
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Biden urges confidence in economy as inflation concerns mount: The NoteTHE NOTE: The president urged confidence in an area where a majority of Americans don’t have it. The latest ABC News/Washington Post poll found that 70% of Americans viewed the state of the economy negatively. No shit Sherlock, you act like this is something new Democrats are trying, except every time they’re elected prices go up In other words, don’t believe your lying eyes. He's doing everything I voted for him to do! Stock market at new highs all year, doing everything in his power to get covid under control, unemployment lowest its been since pandemic began and most of all not a damn embarrassment everyday like the Former Guy!
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US jobless claims plunge to 199,000, lowest in 52 years | AP NewsThe number of Americans applying for unemployment benefits dropped last week to the lowest level in more than half a century, another sign that the U.S. job market is rebounding. Jobless claims dropped by 71,000 to 199,000, lowest since mid-November 1969. RepDonaldsPress ScottforFlorida marcorubio It’s because people ran out of benefits and can’t reapply!
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