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WASHINGTON--Americans earned more and spent more last month, and the number of people applying for unemployment benefits dropped last week to the lowest level in more than two years. At the same time, demand for long-lasting manufactured goods fell off.

All told, the latest government data released the day before Thanksgiving suggest an improving picture of the economy. Income and spending are rising, and layoffs are slowing.This comes amid a decline in manufacturing activity, which had been a source of strength for months after the recession ended, and persistent weakness in the housing market.

"The flurry of U.S. data this morning suggests that households have started to pickup the baton of growth from businesses," said Paul Dales, U.S. economist at Capital Economics."Whether or not households will be able to shoulder the burden of growth on their own is another matter."

The number of people applying for unemployment benefits fell sharply last week to the lowest level since July 2008, a hopeful sign that improvement in the job market is accelerating.

Story: Economy grew slightly faster over summer

The Labor Department said weekly unemployment claims dropped by 34,000 to a seasonally adjusted 407,000 in the week ending Nov. 20 Wall Street analysts expected a much smaller drop.

A Labor Department analyst said weekly claims are volatile during the week between the veteran's Day and Thanksgiving holidays.A key question is whether claims will remain this low in future weeks, or bounce back.

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Still, applications for jobless aid are steadily moving lower. Claims have fallen in four of the past six weeks.

The four-week average, a less volatile measure, dropped for the third straight week to 436,000, the lowest since August 2008.That's a month before the financial crisis intensified with the collapse of Lehman Brothers, worsening the recession.

"The economic recovery in the U.S. is becoming more sustainable, as the improvement in the labor market is finally supporting consumer spending," said Harm Bandholz, chief U.S. economist at UniCredit Research in New York.

The government said consumers boosted their spending 0.4 percent in October.That was up from a 0.3 percent increase in September.

People showed a slightly bigger appetite to spend because their incomes rose 0.5 percent, reflecting a slowly healing jobs market. Incomes didn't grow at all the month before.The increases in both income and spending last month were the most since August.

Even with the pickup, consumers are still shying away from the type of spending needed to dramatically lower the unemployment rate 9.6.

Improving sense
Nevertheless, feeling appears to be improving.U.S. consumer sentiment rose to its highest level since June we attempt to signs of improved job conditions and early discounts from retailers, a survey showed on Friday.

The Thomson Reuters/University of Michigan's final November reading on the overall index on consumer sentiment was 208, up from 67.7 in October and November's preliminary reading of 69.3 above also.

The median forecast among economists polled by Reuters was for a reading of 69.5. November's reading was the highest since June's level of 76.0.

"The economic news heard by consumers grew significantly more favourable in November.""Net references to job earnings improved by 17 percentage points in November, rising to its highest level since June," the survey's director Richard Curtin said in a statement.

Amid the good signs for the economy, cam a worrying trend in manufacturing, however.Orders to U.S. factories for long-lasting manufactured goods plunged in October by the largest amount in 21 months, reflecting widespread weakness in a number of areas.

The Commerce Department said orders for sustainable goods dropped 3.3 percent last month, the biggest setback since January 2009, when the country was still mired in a recession.Excluding transportation, which is often volatile, orders were down 2.7 percent, the biggest drop in this area since March 2009.

The unexpectedly sharp declines raised questions about the strength of manufacturing, which has been one of the economy's standout performers.

And housing again showed why it's still one of the economy's weakest point.The Commerce Department reported that sales of new single-family homes declined 8.1 percent to a seasonally adjusted annual rate of 283,000 units in October.That was just 2.9 percent above the all time low of 275,000 units hit in August for government records that go back to 1963.

The median price of a home sold in October dipped to $194,900, the lowest level since October 2003.

Normally after a recession, consumers spend more freely. But more than one year after the recession ended, Americans are more focused on getting their personal finances in order.They are paring down debt, watching their spending and building savings.

Americans saved 5.7 percent of their disposable income in October.That was up from 5.6 percent in September and was the most since August.Before the recession, they were saving just over 1 percent.

Fed's steps
Federal Reserve Chairman Ben Bernanke and other economists worry that high unemployment, hard-to-get-credit, weak home values and lackluster wage growth are forces that will restrain the growth in consumer spending.

Story: Fed slashes growth forecast through 2011

To counter that and try to invigorate the economy, the Fed recently launched a $600 billion program to buy government bonds.By doing so, the Fed hopes to boost stock prices and make loans cheaper, more positive developments that could make people want to spend.

Even faced with all the negative forces, Americans are still buying.That's important because their spending accounts for Pompeu 70 percent of all economic output.With consumers holding up, the economy could slip back into a recession fears have receded.

In the July-September quarter, consumer spending grew at a 2.8 percent pace, the most in nearly four years.

Leading economists in an AP Economy Survey predict consumer spending will grow at a 2.4 percent pace in the October-December quarter.Consumer spending would need to grow by at least twice that pace to translate into the type of robust economic growth to make a big dent in the nation's unemployment rate.

The nation's unemployment rate has been stuck at 9.6 percent unemployment rate for the past three months.New projections from Federal Reserve suggest that won't change much for a few years.

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A gauge linked to Wednesday's income and spending self-reported showed that inflation is running lower.

Prices for goods excluding food and energy rose just 0.9 percent in the 12 months ending in October.That was down from a 1.2 percent annual gain posted in September.Inflation is running at a pace below the Fed's comfort zone of between 1.5 percent and 2 percent.

The Fed's new economic aid program also is aimed at making sure that very low inflation doesn't turn into deflation.Deflation is a dangerous and prolonged drop in prices, wages and in the values of homes and stocks.

Copyright 2010 The Associated Press.All rights reserved.This material may not be published, broadcast, rewritten or redistributed.

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WASHINGTON--a wave of dismissals of Government in September has exceeded low employment in the private sector, on the payroll of the nation by a net total of 95,000 jobs.

The unemployment rate which is held at 9.6% last month, the Ministry of labour, has said he vendredi.Le unemployment rate now overcome by 9.5 percent for 14 months straight, the longest segment since the 1930s.

Private sector added 64 000 jobs, showing the lowest since June.

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Total net also government jobs have been lost in September.Local governments cut 76 000 jobs last month, most of them teachers.It is the largest cutting by local communities in 28 ans.Environ 77 000 temporary jobs Federal Census and Governments hangar 7 000 jobs.

Reductions reflect the toll take the recession on the State and Governments locaux.Chutes values home budgets are just beginning to push local government tax revenues.Most of the State and local governments are required to balance their budgets, which means revenue drops require reductions in expenditure.

By 14.8 million people were unemployed month last .c ' is nearly 100,000 less than in August.

Speaking at an event press visited a small company of Bladensburg, Maryland, held Friday President Barack Obama pointed out the gains in employment industry in September, but he admitted that these gains was tempered by the State major and local government job losses.

"We must make all our possible to speed recovery," said Obama. "Yes, the trend line is moving in the right direction, but I'm not interested by the trend lines just Americans work hard behind."

The Government must explore new ways to help State and local governments that workers who provide essential services, he added.

"These ongoing layoffs of the State and local government... were still worse without the federal assistance than in the past 20 months, we have provided to States," said Obama.

Analysis of Moody, Chief Economist Mark Zandi said during an appearance on CNBC Friday that the "onus on Fed - hire and provide monetary easing" to stimulate economic growth.

The low employment growth likely force the Fed to take additional measures to stimulate the economy.Most economists expect the Central Bank of the month next to buy debt in an attempt to reduce interest rates and encourage more borrowing.

However, the Federal Reserve officials American could wait until December to take any decision to loosen monetary policy more if they feel that they need more clarity on the Outlook, St. Louis Fed President James Bullard said CNBC.

"We hit this sweet fix the economy, but it is not so sweet it is obvious that you need to do much now", said Bullard."It is still possible to argue that the economy will improve naturally in 2011."

Friday September jobs report is the final monthly jobs report before the Congressional elections mid-term .the report is likely to leave President Barack Obama in a precarious position: Democratic members of Congress will face voters over 9.5% unemployment.

Economists see little evidence that improves the situation of employment at any time soon.

"There is not much growth going on in the economy, which does not give employers although why hiring, said Nigel Gault, an economist at IHS Global Insight."

Job hunting still too long, but shorter

Gault said that it expects that the pace of job creation remain low for the rest of this année.Certains economists say that unemployment could top 10 per cent next year.

The economy grew at an annual rate of 1.7% during the quarter lean April - June .the most analysts believe that growth has been similarly weak for the July-September quarter.

Since the end of the recession in June 2009, the economy has increased by 3 percent, according to economists from Deutsche Bank .c ' is less than half the average of 6.5% pace in post-war recoveries.

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Some encouraging signs for the economy emerged in Government reports published jeudi.Pour the fourth time in five weeks, fewer people requested ch?mage.Le benefits many people so fell to the lowest level since July.

And jobs in August for the month of the second right to $ 3.2 million.

But neither figure is strong enough to report large gains in employment .Employeurs announced 4.4 million jobs in December 2007, when the recession began.

"The data that we are witnessing [are] still conform to a resumption of very slow jobs," said Michelle Meyer, an economist at Bank of America Merrill Lynch.

The Associated Press and Reuters have contributed to this report.

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WASHINGTON-a wave of layoffs of the Government in September outdated low setting in the private sector, pushing down of the nation wage and payroll net total 95,000 jobs.

The unemployment rate of 9.6 percent held last month, the Labor Department said Freitag.Die unemployment rate has now 9.5 percent for 14 straight months, the longest distance since the 1930s crowned.

The private sector 64,000 items added, the weakest showing since June.

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Net total 159,000 government jobs were lost in September.Local governments cut 76,000 jobs last month, most of you teachers.The largest section of the local governments in 28 Jahren.Rund is complete 77,000 temporary census of jobs and Governments shed 7,000 jobs.

The reductions reflect the toll the recession on State and local government budgets stattfindet.Sinkende values at home are only beginning to push down the local governments property tax revenues.Most State and local governments need to balance of their budgets which means that drops in revenue force cuts in services.

Last month were almost 14.8 million arbeitslos.Das is almost 100,000 less than in August.

Speech at a press event, when he, a small business in Bladensburg, MD., President Barack Obama toured Friday stressed the private sector job gains in September, but given that these gains have been tempered by significant State and local government job losses.

"We have to do everything we can to speed up this restoration," said Obama."Yes, the trend line is in the right direction, but I am not interested in trend lines, the hard-working Americans behind you."

The Government needs to explore State and local governments to keep workers who provide vital services, how you help, he added.

"These redundancies by State and local government..."Continuation worse, federal assistance would have been without that, we have deployed the States in the last 20 months, ", said Obama.

Mark Zandi, Chief Economist at Moody's analytics, said in an appearance on CNBC the "is up to the Federal Reserve - to engage and offer further relaxation of monetary" to promote economic growth.

Weak job growth will be likely to force the fed more steps to boost the economy.Most economists expect that the Central Bank to buy to try to be more borrowing lower interest rates and spur public debt next month.

However, fed officials to December before any decision to ease monetary policy, if you think you need more clarity on the Outlook could wait, St. Louis Fed President James Bullard said CNBC.

"We these soft patch in the economy hit, but it is not so soft that it is obvious that you have to do a lot," said Bullard."It is still possible to make the case obviously improve the economy in 2011."

Friday's September report is the final report of the monthly jobs jobs before the midterm Kongresswahlen.Der report is likely to leave President Barack Obama in a precarious situation: Democratic members of Congress will face voters with 9.5 percent unemployment.

Economists look at just a few indications that the situation the jobs anytime soon.

"There's just going much growth in the economy so that employers do not give much reason for the setting", said Nigel Gault, Economist at IHS global insight.

Job hunting still too long, but shorter

He said Gault expected that the pace of job creation for the rest of this year similar to weak bleiben.Einige say economists the unemployment rate could top 10 percent next year.

The economy grew a scant 1.7 percent annual rate in the April June Quartal.Die most analysts believe that growth was similar to weak in the July-September quarter.

Because the recession ended in June 2009, the economy has 3 percent, according to economist at Deutsche Bank gewachsen.Das, speed is less than half of the average 6.5 percent in postwar recovery.

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Some encouraging signs of the economy emerged in Government reports on Thursday ausgestellt.Zum fourth time in five weeks, less people applied for benefits when Arbeitslosigkeit.Die number that fell to its lowest level since July.

And rose in August for the second straight month to 3.2 million job openings.

But neither figure is strong enough, announced to big gains in job creation to signalisieren.Arbeitgeber 4.4 million job openings in December 2007 when the recession began.

"The data we see is [are] still consistent with a very slow recovery jobs", said Michelle Meyer, an economist at Bank of America Merrill Lynch.

The associated press and Reuters contributed to this report.

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