Recession fears fade on strong indicators

Washington Times | November 28, 2002 | ASSOCIATED PRESS

[mdittmar]

The economy appears to be emerging from its late-summer funk, easing concerns about a possible double-dip recession. In a pre-Thanksgiving blizzard of reports, the government said yesterday that new claims for unemployment benefits fell to a 21-month low last week. Consumer spending in October shot up at the fastest clip in three months, and orders to U.S. factories for big-ticket durable goods increased for the first time in three months. Article

[mdittmar]

Happy Thanksgiving you FReepers.

[GraniteStateConservative]

The economy will be blazing strong in 2004.

[mdittmar]

And a Thanksgiving ping to you Willie.

[Cicero]

new claims for unemployment benefits fell to a 21-month low last week

This is why Daschle wanted to extend unemployment payments a second time--so the numbers would look bad.

[bray]

During Willie Jack administration Pravda explained that the economy zoomed along at 2.2%. Now during the GW recession it is muddling along at 4%. Bias???

Pray for GW and the Troops