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Still goofy. You just have no self-control, do you?U.S. Recovery Accelerates on Spending, Labor Market Growth
Personal spending rose 1.3% in October, while income increased 0.5%
“The U.S. economy showed broad-based signs of acceleration heading into the end of the year, with consumers ramping up spending, businesses stepping up investment and jobless claims falling to historic lows.
Household spending rose 1.3% in October from a month earlier, while personal income increased 0.5% last month, the Commerce Department said Wednesday. Consumers are benefiting from a strong labor market. And they are spending at a faster pace than inflation, which recently hit a three-decade high.
Jobless claims, a proxy for layoffs, fell to 199,000 last week, the lowest weekly level in 52 years, the Labor Department separately said. The sharp decline in unemployment claims suggests rising wages and bountiful job openings could continue to buttress consumer spending—the economy’s main engine—despite fading government stimulus and dwindling savings.”
U.S. Recovery Accelerates on Spending, Labor Market Growth
The U.S. economy showed broad-based signs of strengthening heading into the end of the year, with consumers ramping up spending, businesses stepping up investment and jobless claims falling to historic lows.www.wsj.com
That conservatives see this as ‘bad news’ is yet another example of how conservatives hate America.
Your figures are fine, they are comparing this year, where Red States are helping grow the economy by paying attention to the SCIENCE and not the politics, with a year where the government shut down our economy. What you're saying is "WE ARE THIS MUCH BETTER THAN NOTHING". I'm impressed!
What you deliberately ignore is that INFLATION renders all your efforts as a moot point. EVEN Democrats are beginning to wake up and see the destruction.
Poll: Majority Directly Blame Biden for Inflation Negatively Affecting Them
HANNAH BLEAU24 Nov 2021Most Americans say inflation is negatively affecting them and blame President Biden, a Yahoo News/YouGov poll released this week found.
Over-three quarters of Americans, 77 percent, said inflation is affecting their lives, and a majority across all party lines say the same. That includes 90 percent of Republicans, 79 percent of independents, and 69 percent of Democrats:
Poll: Majority Directly Blame Biden for Inflation Negatively Affecting Them
Most Americans say inflation is negatively affecting them and blame President Biden, a Yahoo News/YouGov poll released this week found.
www.breitbart.com
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U.S. inflation is one of the highest in the world
Marco Quiroz-Gutierrez - 10h ago [11/25/2021]With a 6.2% annual inflation rate in October, the U.S. is now seeing prices increase at the highest rate in more than 30 years.
According to a study by Pew Research Center, in the third quarter of 2021, the country had the eighth-highest annual inflation rate among 46 countries that were examined. The U.S. also had the third-highest increase in inflation, 3.58 percentage points, between the third quarter of 2019 and the same period this year. It trailed only Brazil and Turkey, both of which have less-developed economies that generally struggle with higher inflation rates more than the U.S.
Americans, especially the poor, have struggled with the effects of inflation as food prices have increased across the board in the run-up to Thanksgiving. Food prices globally are reaching their highest rates in decades, according to the United Nations Food and Agricultural Association. When it comes to other goods, such as semiconductor chips and natural gas, supply chain issues have also worsened the situation, sending prices higher as supply struggles to keep up with demand.
As prices continue to rise, inflation has become a political problem for President Biden. According to the polling company Gallup, 26% of Americans say an economic concern such as unemployment, inflation, or the economy, in general, is the country’s top problem. Seven percent specifically pointed to inflation as the nation’s most pressing issue.
Try facing facts. They are very sobering.
