Thursday, March 12, 2009

Glimmers of hope?

Recent economic news while not earth shattering, has held a few bright spots. Sales in January surged 1.8%, and February were only down .1%, not the forecasted .5% New jobless claims also dipped in recent weeks.
News out of Detroit is better too. While sales of vehicles are down to levels not seen in decades, rays of hope are emerging. Ford has negotiated with the UAW and got major concessions on pay and retirement funding. GM stated they do not need the next $2 billion now. Cost savings have increased their cash position. Guess the fleet of jets were not needed.
The stock market is on the rise for the third day in a row after hitting a 12 year low on Monday. Credit also increased slightly as households made more purchases.
Are these signs of a bottom to the economic issues or just pent up demand? Hopefully it is a sign that people are going to start buying, and help lift the economy. The first take home pay increase as a result of lower taxes starts this week, so more disposable income. Maybe all these small steps will add up to better economic numbers. Though the press seems to prefer the depressing news.
If these little glimmers give you inspiration to change positions, log onto job.travel. Jobs in travel and hospitality are nationwide, and the work experience can be useful for future positions in the industry.

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