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Thu Jul 5, 2012, 10:29 AM

Two positive reports released on jobs

Source: The Hill

Two positive reports released on jobs
By Vicki Needham - 07/05/12 08:48 AM ET

Two new reports on Thursday provided some optimism the jobs market is improving.

First-time claims for unemployment benefits dropped to the lowest level since May, the first positive sign in weeks that layoffs may be slowing.

Separately, payroll provider ADP says private-sector businesses added 176,000 jobs to their payrolls in June, better than the revised total of 136,000 jobs for May.

The two reports come a day ahead of the closely watched monthly jobs report from the Bureau of Labor Statistics. Both President Obama and Republican presidential candidate Mitt Romney will be watching that report closely for signs of how the U.S. economy is doing. In May, the monthly report found the economy added only 68,000 jobs, a devastating blow for Obama's campaign.

Read more: http://thehill.com/blogs/on-the-money/economy/236261-first-time-jobless-claims-drop-to-six-week-low

5 replies, 2107 views

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Reply Two positive reports released on jobs (Original post)
kpete Jul 2012 OP
Dawson Leery Jul 2012 #1
WilliamPitt Jul 2012 #2
nanabugg Jul 2012 #3
xtraxritical Jul 2012 #4
sweetapogee Jul 2012 #5

Response to kpete (Original post)

Thu Jul 5, 2012, 01:05 PM

1. We will see.

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Response to kpete (Original post)

Thu Jul 5, 2012, 01:19 PM

2. "a devastating blow"?

Polls don't seem to think so.

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Response to kpete (Original post)

Thu Jul 5, 2012, 06:36 PM

3. No wonder this thread is falling rapidly. Only 3 comments. nt

 

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Response to kpete (Original post)

Thu Jul 5, 2012, 07:00 PM

4. Every one knows that the economy meme is going to resonate thru out the campaign,

 

can't wait for the debates.

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Response to kpete (Original post)

Fri Jul 6, 2012, 10:17 AM

5. from Apollo 13

Houston, the world's getting mighty big in the window, sure could use that re-entry procedure.

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