Economy Tracker

[toxictwister00]

From what I heard, the UR is holding steady at 8.3% while 227,000 new jobs were generated in February 2012, the highest in about 4 years.

[TWCC_DJK5555]

The reason why the "unemployment" rate is going down is because

the Department of Labor's unemployment figure does not include people who have given up hope and are not actively seeking employment.

[TWCC_DJK5555]

The GDP from the first quarter of 2012 has been revised downward.

U.S. 1Q GDP Growth Revised Down to 1.9%

[TWCC_DJK5555]

Former President Clinton thinks we're already back in a recession.

No wonder gas prices are falling.

[twcclassics]

No wonder gas prices are falling.

Not where I live! Went up 20 cents yesterday.

[Zach]

They've been falling in my area.. I saw $3.25 yesterday and it's the lowest I've seen as of late.

[Mike M]

Just because gas prices are falling doesn't mean we're going into another recession... the stocks are still going up.

[Zach]

Just because gas prices are falling doesn't mean we're going into another recession... the stocks are still going up.

I have to disagree. Yes individual domestic stocks may be going up, but if you watched the stock market throughout the month of May, you'll notice that stocks dropped almost by 1,000 within a month.

[Mr. Rainman]

Just because gas prices are falling doesn't mean we're going into another recession... the stocks are still going up.

I have to disagree. Yes individual domestic stocks may be going up, but if you watched the stock market throughout the month of May, you'll notice that stocks dropped almost by 1,000 within a month.

There is a big difference, however, between a recession and a correction, which is what is most likely happening. Every few months after a big jump in stocks, prices usually take a 10-15% drop over the period of a few weeks - investors call this a correction. Yes, I expect stocks to continue falling for another week or two, before another long term rebound occurs.

[Mike M]

There is a big difference, however, between a recession and a correction, which is what is most likely happening. Every few months after a big jump in stocks, prices usually take a 10-15% drop over the period of a few weeks - investors call this a correction. Yes, I expect stocks to continue falling for another week or two, before another long term rebound occurs.

That's precisely what I think is happening.

[TWCC_DJK5555]

Fast food CEO: Minimum wage hikes closing locations