Sponsored Content

Intermarkets' Privacy Policy

Which SAT's Did He Take? | Main | Why No Bounce? Because the Candidate is an Imbecile
August 04, 2004

Service Sector of Economy Surges, Too

I honestly don't understand how George Bush's job approval isn't at 88%:

Aug. 4 (Bloomberg) -- U.S. service businesses, which account for the bulk of the economy, expanded at a faster pace in July, powered by more orders, according to a private survey.

The Institute for Supply Management's index of financial services, construction, retail and other non-manufacturing enterprises rose to 64.8, from 59.9 in June. The index has been greater than 50, signaling expansion, since April 2003.

The economic expansion may be gaining strength after higher prices for energy and other goods crimped consumer spending last quarter, economists said.


Economists expected the Tempe, Arizona, institute's index to rise to 61.5, according to the median of 63 forecasts in a Bloomberg News survey. Estimates ranged from 57.9 to 64.7. The index reached a record 68.4 in April.


The survey's employment index declined to 50.0 from June's 57.4, which was a record. The U.S. may have added 243,000 jobs in July, according to a survey of economists before Friday's employment report from the Labor Department. Service-providing industries added 122,000 workers in June, which was the smallest increase since February.

The slowdown in hiring last month may have been a blip, economists said.


The number of Americans filing first-time claims for unemployment benefits have averaged 345,633 a week so far this year, compared with 402,115 for all of 2003. The four-week moving average of claims was 336,300 in the four weeks ended July 23, according to the Labor Department.

The institute said Monday that it's [sic] gauge of U.S. manufacturing rose to 62 in July from 61.1, helped by increased orders and production.

Factory Orders Up Again: Boosted up half a percent in July.

Schadenfreude Update! Our great allies, the Germans, experience persistent and now rising unemployment.

Poland can't be happy to see so many Huns with idle hands.

Large cowbell for expanding business activity plus an above-230,000 consensus prediction for July job creation. This is going to be the last jobs number before the convention. Good numbers = Bush can speak freely and confidently about the economy.

digg this
posted by Ace at 11:36 AM

| Access Comments

Recent Comments
Diogenes: "An M-60... Tank or Machine Gun? I am assuming a ..."

AlaBAMA: "54 41 Tell me you didn't watch the content without ..."

Aetius451AD: "Why do I have a feeling it's easier than you think ..."

Public Sector Employee: "[i]Illinois school district worker accused of taki ..."

Aetius451AD: "50 *strums guitar* Ma Deuse in the middle of th ..."

kbdabear: "Ginger Thursday ONT Compliance Pics https://tw ..."

The Gipper Lives: "China will inform Biden if they wish to shot down. ..."

Notorious BFD: "[i]Is there a black market for wings?[/i] Well, ..."

SMH at what's coming: "When I was a company commander at Ft Lewis, an M-6 ..."

Dr. T: "I am assuming a Machine Gun- because I do not know ..."

Tonypete: "Congrats again to your son jmel. Isn't it just gra ..."

Moki: "Jmel, you raised that young man well!! Godspeed to ..."

Recent Entries

Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
Powered by
Movable Type 2.64