http://www.forbes.com/feeds/ap/2004/06/10/ap1407814.html
QuoteEconomists were expecting claims to fall last week. Filings for last week, however, covered the period including the Memorial Day holiday, a time - as in all holiday weeks - that can present difficulties adjusting the data for seasonal factors, a Labor Department analyst said.
QuoteThe number of people who have been drawing unemployment insurance fell by 106,000 to 2.88 million for the week ending May 29, the most recent period for which that information is available. That marked the lowest level in so-called "continued" claims since the week ending May 19, 2001.
"This provides some confirmation that hiring has picked up, so that those receiving jobless benefits are finding work more quickly and dropping out of the tally," said Steven Stanley, chief economist at RBS Greenwich Capital.
QuoteSeparately, the Federal Reserve reported Thursday that U.S. households saw their net worth in the first quarter of this year rise to a record $45.15 trillion, reflecting in part higher home and other real-estate values. The first-quarter's net worth figure surpassed the previous all-time high registered in the fourth quarter of 2003.
QuoteWith the economy growing smartly and the labor market in recovery, economists widely expect the Federal Reserve will boost short-term interest rates for the first time in four years at its next meeting on June 29-30. Most economists are expecting a one-quarter percentage point increase.
Fed Chairman Alan Greenspan, in a speech Tuesday, said although he still expects the Fed will be able to push interest rates up gradually to combat inflation, policy-makers are prepared to take more aggressive action should the inflation outlook turn worse than they now expect.
QuoteThe labor market, which had been stuck in the doldrums over the last three years, has been showing strong signs recently that it is getting back in the groove.
QuoteI'm glad you find so much delight in people losing their jobs.
Please show anything in my post that indicated delight.
QuotePerhaps if you spend more time reading real news instead of the yahoo comics, you would develope some understanding of economics and your statements wouldn't look so foolish.
Uhhh, that article was from Reuters. I foolishly linked to it from yahoo, oh my. Maybe I can ask the 2 PHDs from Wharton or the MBA from Harvard in my office what their understanding of economics is. Oh wait, I did, in fact, they helped me to form my opinions. But you can continue gleaning single news articles about single economic indicators and using them to tout the great works of King George.
And I can post a hundred articles that dispute what you just posted. I love how you highlight the predictions which are just as accurate as the local weather man.
kallend 2,148
QuoteQuoteI'm glad you find so much delight in people losing their jobs.
Please show anything in my post that indicated delight.QuotePerhaps if you spend more time reading real news instead of the yahoo comics, you would develope some understanding of economics and your statements wouldn't look so foolish.
Uhhh, that article was from Reuters. I foolishly linked to it from yahoo, oh my. Maybe I can ask the 2 PHDs from Wharton or the MBA from Harvard in my office what their understanding of economics is. Oh wait, I did, in fact, they helped me to form my opinions. But you can continue gleaning single news articles about single economic indicators and using them to tout the great works of King George.
And I can post a hundred articles that dispute what you just posted. I love how you highlight the predictions which are just as accurate as the local weather man.
Don't diss weathermen!
"..a deficit that will be small and short lived" has to be one of the most erroneous predictions of all time.
The only sure way to survive a canopy collision is not to have one.
Import Prices Surge, Jobless Claims Rise
Guess they won't need to do that.
Yeah, businesses always expand when inflation and interest rates rise.
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