Business Week - "U.S. Economy: Retail Sales, Output Exceed Forecasts"

[TomCADem]

What I wonder is how are employed people doing? If you are unemployed, then you obviously are looking for work. However, for those people who are employed, are they busy or simply playing solitaire or talking on the phone because there is no business. In past recessions that I've experienced, the econony did not really turn around until I was killing myself at work even though we were still in "recovery."

http://www.businessweek.com/news/2010-05-14/u-s-economy-retail-sales-output-exceed-forecasts-update1-.html

May 14 (Bloomberg) -- Retail sales and industrial production in the U.S. climbed more than forecast in April, indicating the economic recovery gained momentum at the start of the second quarter.

Sales increased 0.4 percent last month after a 2.1 percent gain in March that was larger than previously estimated, Commerce Department figures showed today in Washington. Production rose 0.8 percent, the most in three months, the Federal Reserve said.

Another report showed consumer sentiment improved in May following four straight months of payroll gains, suggesting Americans will keep shopping at retailers including Home Depot Inc. and J.C. Penney Co. Factories are cranking up assembly lines and hiring to meet rising demand at home and abroad, helping to sustain the expansion of the world’s largest economy.

“We’re seeing a broadening of the recovery,” said Brian Bethune, chief U.S. financial economist at IHS Global Insight in Lexington, Massachusetts, who correctly forecast the gain in industrial production. “Consumers are still engaged. There is some pent-up demand out there.”

[FreakinDJ]

1. Doesn't mean shit unless those goods are made here in USA

sending money OUT of the country is the problem - until that is addressed its all a false economy built on BS