US Jobless Claims in Three-Year Low

[pyjamarama]

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.

[Michael McKelvy]

"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.

[tor b]

Pyjama Boy and Mikey the Bug think everything is good. Enough said.

[Michael McKelvy]

"tor b" > wrote in message
...
> Pyjama Boy and Mikey the Bug think everything is good. Enough said.

Evidence to the contrary where?

[bernard spilman]

> Evidence to the contrary where?


Everywhere.
WS

[bernard spilman]

> 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

[Michael McKelvy]

"bernard spilman" > wrote in message
.. .
> > Evidence to the contrary where?
>
>
> Everywhere.
> WS
>
Then show your data.

[Michael McKelvy]

"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.

[Michael McKelvy]

"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.

[Michael McKelvy]

"Lionel" > wrote in message
...
> Michael McKelvy - et> -
> 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. :o)

I'm thinking that you and your brethren are the hemorrhoid pains.

[pyjamarama]

"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.

[Michael McKelvy]

"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.