[artshow_photo] Re: economy

--- In artshow_photo@yahoogroups.com, Rod Melotte <grinder12000@...> wrote:
>
> I do call myself a hobby economist and all is well.
>
> Unemployment rat keeps dropping every month - Job creation keep raising every
> month, average hourly earnings for the average American keep raising.
But April added a net gain of 200,000+ jobs yet the Unemployment rate went up by 0.2%! It's because of the old fashioned way the U.S. Government calculates this rate. It is greatly under reporting the real condition of employment.
> To have a double dip you need to have a sector of the economy that is still
> overheated to cause that 2nd dip. The housing bubble burst causing the1st
> recession. In the past recessions when a bubble burst there was still parts of
> the economy still chugging along that had not burst.
But ever increasing food prices and record gas prices are putting a big hurt on consumer spending - which is the biggest part of the U.S. economy and includes sales at art shows.

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