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Do you agree with these economists?

NEW YORK – Economists say the U.S. recovery continued during the second quarter of this year with more businesses hiring workers and fewer cutting jobs, but the pace of growth has slowed, a new survey shows.

The National Association for Business Economics said its latest survey, released Monday, found 31 percent of businesses added workers between April and June, the highest level in three years. And 39 percent of those surveyed say they expect to hire more workers over the next six months — the most since January 2008. Manufacturers reported the strongest increase in demand and profitability. Finance, insurance and real estate sectors saw the slowest growth.


Asked by sweet-a-kins at 1:25 PM on Jul. 19, 2010 in Politics & Current Events

Level 34 (67,502 Credits)
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Answers (23)
  • these days, if you have an opinion, you can find an economist to go with it.

    I'll stick with being cautiously optomistic.

    Answer by lovinangels at 1:30 PM on Jul. 19, 2010

  • Isn't the economy reporting WEIRD ??

    "Good news ! Only 140,000 jobs were lost last quarter, down from 200,000 the previous quarter !"
    "Good news ! Only 300,000 new foreclosures were reported for this month, a 25% improvement from last month" ... etc. etc.

    So let me get this straight using some simplified math. We WERE at a million jobs or a million homes. We have lost so many that we have only 200 left. ... And it's "GOOD NEWS" that another 100 were lost ?!? Just because the previous report was worse?!

    Maybe fewer jobs or homes were lost BECAUSE THERE AREN'T ANY MORE TO LOSE !!

    I'm glad "more businesses are hiring workers" ... but it is like a drop of water on a hot stone.
    "The highest level in three years" ... ? What a con job! Notice that it's NOT a "highest level of employmt" ...
    remember, 15% of a milllion is 150,000. But 15% of 200 is only 30.
    Big wup.



    Answer by waldorfmom at 2:27 PM on Jul. 19, 2010

  • The republicans are stopping it from happening.

    Nice....  Did you get that straight from a liberal blog?  Or are you fully aware of ALL the facts surrounding the issue???  Wasn't it Democrats who insisted on offsetting budget cuts for any spending? What was that called? hrmmmmm, what was the name of that law.... Ohh yea, Paygo... Why the hell did Democrats pass paygo, if they are NOT going to use it? Are you ok with this common practice of Democrats to go AGAINST their own policy? At what point do YOU think politicians should be held accountable to their OWN POLICIES?


    Answer by grlygrlz2 at 2:33 PM on Jul. 19, 2010

  • But sixty-seven percent of respondents still believe the economy will expand by more than 2 percent in 2010.

    That's only "good news" if you don't understand economics. Sure, it sounds like good news. All that really means is the economy is growing - the economy is always growing. If you look at a graph of it, our GDP is always moving up, even during recessions. Aside from an occasional hiccup it moves up and to the left no matter what. It has absolutely nothing to do with standard of living, income, employment or debt. Saying that 65% of economists say the GDP will expand is like saying 65% of economists say the sky will be blue next month. Big deal, it means nothing.

    Answer by NotPanicking at 2:22 PM on Jul. 19, 2010

  • I agree somewhat, but see this as a VERY long journey and the current administration is only making it worse... All this spending. Confidence is low in the consumer and business sector. So much looming over businesses and taxpayers heads with health care, possible cap and trade, possible more taxes, etc..... There is no sense of economic security... The Federal Government is growing at a rapid rate with little accountability and oversight.... It will only start to get better when the government leads by example and controls spending, stops with the policy threats of health care, taxes, cap and trade, etc..... jmo


    Answer by grlygrlz2 at 2:40 PM on Jul. 19, 2010

  • And how many of those jobs were permanent FULL-TIME jobs as opposed to permanent, PART-TIME, or TEMPORARY part or full-time jobs?! There IS a big difference between the two!!

    Answer by LoriKeet at 3:49 PM on Jul. 19, 2010

  • Like i said in another post, you have some economists saying we're headed towards a double recession, while others believe that things are getting better. I choose to believe neither, of course i always hope for the best & not focus on the negative too much. I refuse to fall into either belief. It's just weird to me that so many experienced economists are saying totally opposing things. It makes me wonder who is getting paid to say what...


    Answer by samurai_chica at 1:38 PM on Jul. 19, 2010

  • mommom~They have already 'spent' the money they are going to receive from increased taxes on the wealthy. Are you wanting MORE? At what point, do we need to say enough is enough. Government stop funding program for the arts, and stop building bridges for salamanders (stimulus) and incentivize jobs? So, what do we do~ give democrats continuous free passes to spend till they get it right?

    Answer by grlygrlz2 at 3:10 PM on Jul. 19, 2010

  • Yeah, minimum wage at Macy's is going to pay the bills alright.

    Answer by NotPanicking at 7:36 PM on Jul. 19, 2010

  • crock of bullshit.

    Answer by sati769leigh at 1:27 PM on Jul. 19, 2010