Joel Prakken News
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Wal-Mart Stores Inc. internal e- mails revealing the worst sales start to a month in at least seven years may be the first sign U.S. consumer spending will cool as households try to cope with a payroll-tax increase and delayed refunds.
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Wal-Mart Stores Inc. internal e- mails revealing the worst sales start to a month in at least seven years may be the first sign of a broader weakening in U.S. consumer spending as households grapple with the payroll-tax increase and delayed refunds.
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Joel Prakken, chairman of Macroeconomic Advisers LLC, discusses his latest report on President Obama's proposals to create jobs, and on the counter proposals offered by Republicans. He says, "Housing is the single biggest factor in the economy right now." Prakken speaks with Bloomberg's Sara Eisen and Michael McKee on "Bloomberg On the Economy" on Bloomberg Radio. Bloomberg's Vonnie Quinn joins in on the discussion.
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A surge in new jobs last month that held the U.S. unemployment rate to 8.3 percent highlights a strengthening economy that bolsters President Barack Obama as he approaches the November election .
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Three out of four Americans favor a constitutional amendment requiring a balanced federal budget, polls show. The question is whether an amendment would create more problems than it fixes.
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In a campaign marked by voter anxiety over the economy, both presidential campaigns avoid promises of a quick jolt to boost job creation and focus on long-term policies.
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Following is the text of the June private payrolls report from ADP Employer Services.
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Joel Prakken, chairman of Macroeconomic Advisers LLC, discusses his latest report on President Obama's proposals to create jobs, and on the counter proposals offered by Republicans. He says, "Housing is the single biggest factor in the economy right now." Prakken speaks with Bloomberg's Sara Eisen and Michael McKee on "Bloomberg On the Economy" on Bloomberg Radio. Bloomberg's Vonnie Quinn joins in on the discussion.
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Consumer confidence in the U.S. rose last week to the highest level in more than five months and the pace of firings declined, showing an improving job market is bolstering the biggest part of the economy.
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The ideas President Barack Obama is considering for his new jobs agenda could put hundreds of thousands of people back to work, and still have a limited impact in an economy that remains 6.8 million jobs behind its pre-recession peak, economists said.
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