Posted on 01/05/2006 4:08:14 PM PST by STARWISE
The number of newly laid-off workers filing claims for unemployment benefits fell to the lowest level in more than five years last week, providing strong evidence that the labor market is shaking off the effects of a string of devastating hurricanes.
(snip)
The decline of 35,000 claims was much better than Wall Street had been expecting and bolstered the belief that the labor market is on the mend after a rough period in the fall when Gulf Coast hurricanes caused the loss of more than 600,000 jobs over a period of four months.
The total for weekly jobless claims was far below the peak of 435,000 set the week ending Sept. 17, a period when the number of job losses attributed to Hurricane Katrina totaled 108,000.
(snip)
The better-than-expected improvement in the layoff picture for last week was certain to raise hopes for a solid performance in job growth for December.
(snip)
Economists are predicting that 2006 will represent another year of steady growth in jobs of around 175,000 per month. That reflects their belief that the economy will keep growing at a solid pace this year as business spending to expand and modernize production facilities offsets expected slower growth in housing sales and overall consumer spending.
(Excerpt) Read more at abcnews.go.com ...
Hmmm...in more than 5 years. Wouldn't that be since The Stain ("greatest economy in 100 years") was president?
Hmmm .. sounds aBubba right ;)
What? GOOD news?
WIRETAPPING!
I guess we won't be hearing about the economy during the upcoming elections!
Hey ... you're right! They'll have be content with their current stack 'o goodies: impeachment, rendition, tenderness to terrorists, impeachment, secret jails, Katrina screwups, NSA spying, impeachment, Iraq pullout .. and .. ooh yeah, impeachment.
LOL!
See Willie Green's post of this same news earlier this day as if it was a really, really bad thing! ROFLMAO
Yeah right, just go to the their front page(http://abcnews.go.com) and see if you can find a link anywhere to this story
So far during his fiscally irresponsible reign, that boob has maintained a false illusion of prosperity by plundering the Federal Treasury of more than $2 TRILLION.
The corrupt SOB should be tarred and feathered.
"I am one of those who do not believe that a national debt is a national blessing, but rather a curse to a republic; inasmuch as it is calculated to raise around the administration a moneyed aristocracy dangerous to the liberties of the country."-- President Andrew Jackson - (1824)
Yup ... you have to click on "Money" .. top left, and then it's buried in "AP Business Headlines" ... 'cause good news would make Bush look right, ya know. Can't have that.
There is much wailing and gnashing of teeth in the hotbeds of liberal-left lunacy tonight...... how can "the worst economy since Hoover" be misbehaving in this way? How will 'Rats run on "It's The Economy, Stupid" (slogan of some of the worst demagogues in US history, led by Bill Clinton and Ted Kennedy).
So, I guess that during his "his fiscally irresponsible reign" .. the fact that unemployment is the lowest in 5 years must make you just nauseous, heh? You're obviously a one-trick pony ... and if it wasn't the spending issue, I have a feeling you might just happen to find something else about which to be bitter and carp. I don't take kindly to your name calling the President .. he's a good and decent man, a strong leader and a great president in my book. And by the way, did you hear we're in a WAR?
No he's not. He's a double-talking, backstabbing swindler.
And by the way, did you hear we're in a WAR?
Iraq War Costs May Top Vietnam's
Yet the cost of the war is PEANUTS compared to the $2 TRILLION he has plundered from the Treasury.
I never read a thing he post. He goes out of his way to find the negative. What a miserable life he must lead.
Bitter and miserable, obviously.
"...newly laid-off workers...weekly jobless claims was... 435,000...Economists are predicting...around 175,000 per month...expected slower growth in housing sales..."
This is impossible, this is the worst economy since the Great Depression./sarcasm off
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