U.S. Service firms post fastest growth in 9 years: ISM [View all]

[IronLionZion]

http://www.marketwatch.com/story/us-firms-post-fastest-growth-in-years-ism-2014-08-05?dist=afterbell



WASHINGTON (MarketWatch) — U.S. service companies in areas such as retail, health care and entertainment expanded in July at the fastest pace in nine years, offering more evidence that the economy is shifting into a stronger phase of growth.

The services side of the U.S. economy, including government, employs about 85% of all American workers. Retail, health care and the restaurant business have been among the fastest growing over the past few years.

At the same time, though, U.S. manufacturers are also experiencing a resurgence and the construction industry is also growing at a steady clip as well. The ISM’s manufacturing index rose in July at the sharpest clip since April 2011, the nonprofit agency reported last week.

With nearly every sector of the U.S. economy showing improved sales, companies are hiring at a faster rate than any time since before the recession began. The U.S. had generated 200,000 jobs or more for seven straight months, the best stretch of hiring since 1997.

“Business has been strong this summer after a late start due to the poor spring weather,” said an executives at a wholesale-trade company. And an executive at an information-oriented firm said the “second half of the year is looking promising for increased orders versus last year.”

How can that be fastest growth in 9 years when the socialist has been in office for only 5 years so far?

Or more importantly, what can team GOP do to F this up?

related articles:

Here’s how close the jobs market is to normal
http://blogs.marketwatch.com/capitolreport/2014/08/01/heres-how-close-the-jobs-market-is-to-normal/

Hiring trends for full- and part-time workers return to normal
http://blogs.marketwatch.com/capitolreport/2014/08/01/labor-trends-for-full-and-part-time-workers-return-to-normal/

I read an article somewhere with success stories for the long term (multi-year) unemployed who found jobs recently but forgot where it was. It was inspirational and talked about having a positive attitude and persistence.

This isn't it but is also good:
Finally I got a job!
http://money.cnn.com/gallery/news/economy/2014/04/03/long-term-unemployed/2.html

Small US Bank Helps Unemployed Borrowers Find Jobs, Avoid Foreclosure
http://www.voanews.com/content/small-us-bank-helps-unemployed-borrowers-find-jobs-avoid-foreclosure/1971581.html