Previously Southridge Capital reported how US markets seemed stable compared to other worldwide markets.

Even though, the stock market declined for two consecutive weeks, Greece?s financial woes took all the headlines even replacing Goldman Sachs. US employment numbers were released for April and this reflects the stability of us growth. The US Labor Department stated that 290,000 new jobs were created in the month of April. This is the fourth consecutive month there has been an increase in jobs and the largest increase in the last four years.

Job numbers show hiring was spread out over a number of industries, which is great news for the stabilization of the economy.

On Friday Germany backed a $140 million bailout plan for Greece. The European Union also created a package to help stabilize the region and calm worldwide markets. Hopefully, investors will look at the swift actions plans taken by the European community as well US growth and continue to fuel global markets.

The entertainment sector has shown positive numbers here in the US.

WrestleMania, The WWE?s main event, was held in Glendale, Arizona. The event contributed about $28.8 million of revenues, $13.1 million of profit to the WWE. For an economy that is trying to pull out of a recession, this is great news.

Sticking to the ?ring? according to a BoxingNews24.com source Floyd Mayweather Jr. vs. Shane Mosley did an estimated 1.1-1.2 million buys on pay-per-view (PPV), making this the largest fight for the 2010 year (so far) If Floyd Mayweather Jr and Pacquiao ever sign a contract, we are sure PPV numbers will rise dramatically.

The big screen is also seeing their share of profits. The 7th largest opening screening in history was reported on May 7th with Iron Man 2 pulling in more $50 million in ticket sales. IMDB.com has documented that over $747 million has been earned by Avatar in US sales since it was released.

Callaway has seen an increase in sales of 11% worldwide and 7% in the US since Q1 2009.

Now we understand why the personal saving rates (a percent of disposable income) decreased. At the end of the day, all of the sporting and entertainment events prove the American consumers do not mind spending money to have fun, which will help out everyone.

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