ISM Manufacturing Index surges to 48.9% beating expectations by 2.4% (user search)
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  ISM Manufacturing Index surges to 48.9% beating expectations by 2.4% (search mode)
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Author Topic: ISM Manufacturing Index surges to 48.9% beating expectations by 2.4%  (Read 2151 times)
King
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« on: August 05, 2009, 01:08:28 AM »

One could say this terrible job market was started by people who got laid off not willing to take the retail and service industry jobs on a temporary basis.  If they had that income/employee discounts to hold them over from the start, those retailers wouldn't have lost their customer base.

There's a psychological effect to having employment.  A person who makes small monthly wage at JCPenney's isn't going to be afraid to make those purchases on their VISA card. A person who is raking in the food stamps and welfare checks can feel rock bottom in their physcie and choose not to spend.
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