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U.S. consumer spending stalls

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U.S. consumer spending stalls

Post by Guest on Mon Jun 27, 2011 9:25 pm

Consumer spending, which in the United States represents more than two-thirds of the nation's economic activity, slowed down in May as inflation accelerated, the Commerce Department said Monday.

Spending by households had grown by a mere 0.3 percent in April, and most analysts had estimated a rise of 0.1 percent last month.

Consumers, affected by persistent unemployment of around 9 percent some two years after the official end of the worst economic slump in the United States since the Great Depression, faced high gasoline prices in May and a constant depreciation in home values.

Read more: http://latino.foxnews.com/latino/money/2011/06/27/us-consumer-spending-stalls/#ixzz1QWesFuQp

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Re: U.S. consumer spending stalls

Post by polpol3 on Mon Jun 27, 2011 11:08 pm

Since the 99ers union reconstructed its web page,I have not seen a statement regarding Lee or 589! Hmmm

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Join date : 2011-05-24

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Re: U.S. consumer spending stalls

Post by Guest on Tue Jun 28, 2011 12:04 am

polpol3 wrote:Since the 99ers union reconstructed its web page,I have not seen a statement regarding Lee or 589! Hmmm
Conversation on the lack of movement of HR 589 here:

http://www.unemployed-friends2.org/t2826p15-has-there-been-any-movement-on-589

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