Damn, more economic good news.

Discussion in 'Politics' started by Ricter, May 13, 2011.

  1. Ricter


    "U.S. exports up 4.6% in March

    The following is from the 12 May 2011 edition of American Shipper.

    The U.S. Commerce Department on Wednesday reported the country's exports of goods and services in March increased 4.6 percent from February 2011 to a record $172.7 billion.

    The monthly increase in the export value for goods and services from February to March 2011 ($7.7 billion) was also the highest on record, as were March exports to Canada and South and Central America.

    U.S. imports of goods and services increased 4.9 percent over this period to $220.8 billion, causing the U.S. trade deficit to increase 6 percent since February to reach $48.2 billion in March. March petroleum imports ($39.3 billion) were the highest since August 2008 ($43.7 billion).

    “Now more than ever, America’s ability to create jobs here at home depends on our ability to export goods and services around the world," said Commerce Secretary Gary Locke, in statement. "We have seen the private sector add 2.1 million jobs across industries from manufacturing to education to retail, and exports supported more than 9 million U.S. jobs in 2010."


    "U.S. agriculture exports reach $75 billion

    The following is from the 12 May 2011 edition of American Shipper.

    The U.S. Department of Agriculture on Wednesday reported the country's farm exports reached an all-time high of $75 billion during the first half of fiscal year 2011.

    "Today's trade data demonstrate that, once again, America's farmers and ranchers are helping lead the way to recovery from the worst economic recession in decades," said U.S. Agriculture Secretary Tom Vilsack, in a statement.

    Vilsack said U.S. farm exports during the first half of fiscal year 2011 were 27 percent higher than the same period in last year.

    "This puts us on track to reach the current USDA export forecast of $135.5 billion by the end of the year," he said.

    With $15.1 billion in farm exports, China accounted for nearly 20 percent of all U.S. agricultural exports, making it the top export market. Canada is the second-largest U.S. market for agricultural exports.

    "Both the value and volume of exports rose in the first half of the year, with the volume of bulk shipments up 5 percent from last year," Vilsack said. "Wheat and cotton volumes were especially robust, with increases of 64 percent and 44 percent, respectively."

    Vilsack said three pending free trade agreements will further boost U.S. farm exports.

    "Congress can help U.S. farmers and ranchers sustain their record growth by moving expeditiously to pass the South Korea, Colombia and Panama trade agreements," he said. "When fully implemented, those three agreements have potential to add more than $2 billion per year to our exports and support job creation here at home."
  2. Tsing Tao

    Tsing Tao

    what is your point spamming this type of post in this forum over and over? if your point is simply to spam, please let me know so i can put you on ignore.

    if your point is to bring up positive economic data, then why the sarcastic tone? not to mention i wonder why you ignore all the bad economic data.

    give it a rest already. or keep it to one friggen thread.
  3. Ricter


    I think you know very well why I choose this tone. And I think I can be excused for one thread a day, but if that's too much then by all means, put me on ignore.

    In the meantime, please post today's economic bad news.
  4. Lucrum


    Meanwhile we're still involved in THREE foreign wars and the national debt continues to balloon exponentially.
  5. Ricter


    Well, then, I sure hope the economy improves! :D LOL
  6. Tsing Tao

    Tsing Tao

    per your request, a look at today's CPI release. this is wonderful news, captain cut-and-paste.