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