ANALYSIS, COMMENTS, THOUGHTS, AND OTHER OBSERVATIONS IN PROF. SKOSPLES' ECONOMIC SYSTEMS COURSE AT OHIO WESLEYAN UNIVERSITY
Monday, May 3, 2010
GDP grows 3.2% in first quarter, helped by consumer spending
The economy has had its biggest increase in consumer spending in three years. The increased spending has helped the economy grow by 3.5% in the first quarter. The rate of growth in the economy is not huge, but shows that there has been some improvements. The signs of life in the economy is helping Americans feel more at ease and has given consumers confidence to spend.
Sunday, May 2, 2010
Number of U.S. Jobless Claims Falls to One-Month Low (Update3)
This article brings light to another positive view of the direction our economy is going in. It talks about our current unemployment and how it reached a one month low. This is good because it means that people are hiring again and more people are being employed, making and income and will be able to drive the economy forward.
U.S. Economy: Home Sales Surge, Goods Orders Climb
This article reflects positive views of where our economy is going. It shows that our at a 5.6 percent pace over the last three months, its best in the last six years. Not only have home sales boosted, so has the demands for goods. It shows that the "pieces are in place for a strong recovery".
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