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Recession fears fade on strong indicators
Washington Times | November 28, 2002 | ASSOCIATED PRESS

Posted on 11/28/2002 3:23:10 PM PST by 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


TOPICS: News/Current Events
KEYWORDS: indicator
Happy Thanksgiving you FReepers.
1 posted on 11/28/2002 3:23:10 PM PST by mdittmar
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To: mdittmar
The economy will be blazing strong in 2004.
2 posted on 11/28/2002 3:24:28 PM PST by GraniteStateConservative
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To: Willie Green
And a Thanksgiving ping to you Willie.
3 posted on 11/28/2002 3:37:09 PM PST by mdittmar
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To: mdittmar
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.

4 posted on 11/28/2002 3:46:02 PM PST by Cicero
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To: GraniteStateConservative
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

5 posted on 11/28/2002 3:49:58 PM PST by bray
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