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#1
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US Jobless Claims in Three-Year Low
US Jobless Claims in Three-Year Low
WASHINGTON (Reuters) - The number of Americans filing initial claims for jobless aid dropped sharply last week to the lowest in more than three years, the government said on Thursday in a further sign of a reviving employment market. First-time claims for state unemployment insurance fell 14,000 in the week ended April 3 to 328,000 - the lowest level since just before President Bush (news - web sites) took office - from 342,000 the prior week, the Labor Department (news - web sites) said. The unexpectedly large drop in claims likely will garner close attention both at the Federal Reserve (news - web sites) and the White House. The drop in claims far exceeded forecasts by Wall Street economists who had predicted a decline of just 2,000. The Labor Department said last week's weekly level of jobless claims was the smallest since 320,000 in the week of Jan. 13, 2001. Last week, the government reported a sharp surge in new jobs during March with 308,000 positions added to payrolls, and the decline in jobless claims adds to evidence that hiring conditions may be on the upswing after a long drought. The apparent pickup in employment may also hasten an end to a long era of low interest rates, which saw the Federal Reserve cut its key lending rate for overnight loans between banks to a 1958 low. The Fed regularly cites its concern about slack labor markets as a reason for keeping rates low, though the recent jobs data suggest the slack is being taken up. Weak hiring has been a hot issue in the campaign for November's presidential elections, with Democrats highlighting the overall loss of jobs since Bush took office while administration officials maintain an economic upswing will soon give rise to job growth. The Labor Department's four-week moving average of new claims, which irons out weekly fluctuations, declined 3,250 last week to 336,750 - the lowest since 335,750 in the week of Nov. 25, 2000. |
#2
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US Jobless Claims in Three-Year Low
"pyjamarama" wrote in message om... US Jobless Claims in Three-Year Low WASHINGTON (Reuters) - The number of Americans filing initial claims for jobless aid dropped sharply last week to the lowest in more than three years, the government said on Thursday in a further sign of a reviving employment market. First-time claims for state unemployment insurance fell 14,000 in the week ended April 3 to 328,000 - the lowest level since just before President Bush (news - web sites) took office - from 342,000 the prior week, the Labor Department (news - web sites) said. The unexpectedly large drop in claims likely will garner close attention both at the Federal Reserve (news - web sites) and the White House. The drop in claims far exceeded forecasts by Wall Street economists who had predicted a decline of just 2,000. The Labor Department said last week's weekly level of jobless claims was the smallest since 320,000 in the week of Jan. 13, 2001. Last week, the government reported a sharp surge in new jobs during March with 308,000 positions added to payrolls, and the decline in jobless claims adds to evidence that hiring conditions may be on the upswing after a long drought. The apparent pickup in employment may also hasten an end to a long era of low interest rates, which saw the Federal Reserve cut its key lending rate for overnight loans between banks to a 1958 low. The Fed regularly cites its concern about slack labor markets as a reason for keeping rates low, though the recent jobs data suggest the slack is being taken up. Weak hiring has been a hot issue in the campaign for November's presidential elections, with Democrats highlighting the overall loss of jobs since Bush took office while administration officials maintain an economic upswing will soon give rise to job growth. The Labor Department's four-week moving average of new claims, which irons out weekly fluctuations, declined 3,250 last week to 336,750 - the lowest since 335,750 in the week of Nov. 25, 2000. Part of the problem is that American workers are very productive and when economic slowdowns happen, more output is done with less workers in order to maximize profits so when recovery hits companies have money in the bank. Of course this concept scares and annoys the left, since they think the only place money should go is to the government. |
#3
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US Jobless Claims in Three-Year Low
Pyjama Boy and Mikey the Bug think everything is good. Enough said.
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#4
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US Jobless Claims in Three-Year Low
"tor b" wrote in message ... Pyjama Boy and Mikey the Bug think everything is good. Enough said. Evidence to the contrary where? |
#6
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US Jobless Claims in Three-Year Low
Pyjama Boy and Mikey the Bug think everything is good. Enough said.
Business in their line of work, sucking dicks at a truck-stop mens room, is good. WS |
#7
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US Jobless Claims in Three-Year Low
"bernard spilman" wrote in message .. . Evidence to the contrary where? Everywhere. WS Then show your data. |
#8
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US Jobless Claims in Three-Year Low
"Lionel" wrote in message ... bernard spilman - - samedi 10 Avril 2004 03:08 wrote: Evidence to the contrary where? Everywhere. Agree ! BTW the world is a little bit tired that its futur should suffer all US electoral events. Then don't watch. Moreover, now, these so-called events look like more to movie castings than to a sincere democratic expression. An opinion you get to have. I'm afraid when I think to all the people who will die because of US president's next diarrhea crizis. Why, are you a terrorist? You have done an island of your continent so it would be polite for the rest of the world if you can keep for yourself the stench of your intestinal politic manifestation. You're confused, just take your head out of your ass. |
#9
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US Jobless Claims in Three-Year Low
"bernard spilman" wrote in message .. . Pyjama Boy and Mikey the Bug think everything is good. Enough said. Business in their line of work, sucking dicks at a truck-stop mens room, is good. WS You'll have to flirt somewhere else. |
#10
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US Jobless Claims in Three-Year Low
"Lionel" wrote in message ... Michael McKelvy - . net - samedi 10 Avril 2004 04:14 wrote: "Lionel" wrote in message ... bernard spilman - - samedi 10 Avril 2004 03:08 wrote: Evidence to the contrary where? Everywhere. Agree ! BTW the world is a little bit tired that its futur should suffer all US electoral events. Then don't watch. Moreover, now, these so-called events look like more to movie castings than to a sincere democratic expression. An opinion you get to have. I'm afraid when I think to all the people who will die because of US president's next diarrhea crizis. Why, are you a terrorist? You have done an island of your continent so it would be polite for the rest of the world if you can keep for yourself the stench of your intestinal politic manifestation. You're confused, just take your head out of the ass. You are joking but somewhere you are right. USA are the ass of the world and today everybody is suffering of its stinky fart. I suspect this is why some people try to provoke some kind of hemorrhoidal pains. ) I'm thinking that you and your brethren are the hemorrhoid pains. |
#11
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US Jobless Claims in Three-Year Low
"bernard spilman" wrote in message ...
Pyjama Boy and Mikey the Bug think everything is good. Enough said. Business in their line of work, sucking dicks at a truck-stop mens room, is good. WS Oh look, the bitter little leftist is projecting his peepee fantasies again... How bold, how visionary. Would seem class isn't the only envy you suffer. |
#12
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US Jobless Claims in Three-Year Low
"pyjamarama" wrote in message m... "bernard spilman" wrote in message ... Pyjama Boy and Mikey the Bug think everything is good. Enough said. Business in their line of work, sucking dicks at a truck-stop mens room, is good. WS Oh look, the bitter little leftist is projecting his peepee fantasies again... How bold, how visionary. Would seem class isn't the only envy you suffer. Seems like that's all they have brain power for. Figuring out how to rip off those that have been successful in life and fantasies about life if they had genitals. |
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