Wednesday, November 30, 2011

Jobs on the rise

Positive news in the US economy crisis shows that GDP is rising at 2-2.5 percent this quarter. This equates to more jobs being opened up, and part of the unemployment crisis being averted. Essentially with an increase in the job sector, consumer confidence increases and perhaps the housing industry will even pick back up! Much of this GDP rise is due to the rise in consumption, largely due to Black Friday, the single largest day of consumption in the US calendar year. Approximately 11.4 billion was spent in one day, up vastly from previous years. Skeptics hold, however, that this does not correlate with the US economy growing, more so that people are scared to buy when products are not as cheap.

source: http://www.digitimes.com/news/a20111130PD204.html

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