Consumer spending is frequently used as the baseline for economic improvement so it is not surprising that many people eagerly await monthly information regarding retail store sales. Fortunately this month the news was great overall as it indicated some significant recovery in the economy all around the United States.

During the month of September Americans spent almost 4% more than they had been on average during the year. At first 4% might not seem like a big gain but this increase of 4% is in fact quite substantial as it means retailers and small business owners are seeing millions more dollars in revenue. This is a good thing for everyone as it means that the recovery of the U.S. economy and thus the worldwide economy is still carrying on strong.

Economic analysts worldwide say that this continued increase in retail sales and spending is great news as well since it has been a continuous increase. This month may have been the biggest increase so far but it is not the first increase; the combination of multiple months of successive increase in spending is incredible promising as it means that there is in fact more money moving and thus the economy is recovering. No word on if most economists expect this to have a significant impact on anything at this point though most are hopeful that this increasing trend toward more spending will likely continue through the rest of the year as well as the holiday season.

Government Expected to Boost Job Growth

A new U.S. government project was announced today and despite the controversial topic it seems politicians from both sides of the spectrum are receptive to the project. The so called American Jobs Act is still in the initial planning stages but analysts believe that implementing this plan could easily create millions of jobs nationwide which could significantly help boost the U.S. economic recovery efforts.

The current plan for the American Jobs Act is based on tax incentives and spending assistance for large and small corporations that are actively working to add new jobs to their payroll. At this time there are already provisions in effect but the proposed plan would be significantly more effective according to most politicians

The good news from this plan is that it will make a big difference in terms of economic recovery; no longer will there be an issue of such extreme job shortages and in turn millions of American people will be able to get their lives back on track. No word on when the plan is expected to be voted on or possibly implemented but at this point analysts say there is a relatively good chance of it being put into action sometime soon. Congress is now dealing with the plan that President Obama approved and depending on the results we may or may not eventually get to see the possible benefits of this amazing and likely significant job creation project.