Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Jobless Claims Lowest Since 2000

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (Through 2005) Donate to DU
 
DaveSZ Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-06-04 12:09 PM
Original message
Jobless Claims Lowest Since 2000
Edited on Thu May-06-04 12:10 PM by DaveSZ
http://biz.yahoo.com/rb/040506/economy_5.html

Jobless Claims Lowest Since 2000
Thursday May 6, 12:06 pm ET
By Alister Bull


WASHINGTON (Reuters) - America's employment outlook brightened on Thursday after the government said jobless claims dropped last week to their lowest since 2000, bolstering expectations for strong numbers in the April jobs report.
ADVERTISEMENT


U.S. Treasury bond yields hit a two-year high on the unexpectedly rosy number and the dollar climbed 1 percent against the yen as markets bet heavily the Federal Reserve will hike interest rates this summer as the economy warms.

The picture of a better jobs climate was also backed by an unexpected increase in unit labor costs in the first quarter, alongside respectable productivity growth of 3.5 percent.

First-time claims for state unemployment benefits shrank 25,000 to 315,000 in the week ended May 1, the Labor Department said. It was the third straight week of declines.

-more-
Printer Friendly | Permalink |  | Top
napi21 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-06-04 12:11 PM
Response to Original message
1. Yea, that's probably true because all benefits ran out and
those that were unemployed have had to take part time jobs or starve!
Printer Friendly | Permalink |  | Top
 
stopbush Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-06-04 12:12 PM
Response to Original message
2. I'm out of work for 3 years. My UI ran out two years ago.
No luck finding a job since bush took over.

Boy, this article sure is great news!!! I feel brighter already!
Printer Friendly | Permalink |  | Top
 
DaveSZ Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-06-04 12:13 PM
Response to Reply #2
5. Heheh
Well, I'm only posting what the "liberal media" is telling us.


:P
Printer Friendly | Permalink |  | Top
 
arwalden Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-06-04 12:13 PM
Response to Original message
3. Doesn't This Only Mean That The RATE Of Job LOSS Is Declining? But...
this has nothing to do with the actual rate of people FINDING gainful and meaninful employment appropriate to their previous jobs, experience, and skill?

Simply because "new claims" decreases does not necessarily mean that NEW JOBS have been created... Or am I mistaken?

-- Allen
Printer Friendly | Permalink |  | Top
 
mhr Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-06-04 12:13 PM
Response to Original message
4. Republicans Worst Nightmare - People Like Myself
Unemployed 4 years!

Two College Degrees:
BSEE
MBA

Special Training:
FAA Certified Commercial Pilot

Military Service:
Officer United States Navy

Professional Work Experience:
Long and Varied

Slowly becoming impoverished!

Can't get low income jobs - too much experience, too many aliens
Can't find middle class white collar jobs - outsourced or already filled

Unemployment insurance? What's that?
Printer Friendly | Permalink |  | Top
 
DaveSZ Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-06-04 12:14 PM
Response to Reply #4
6. I think it's time for a new New Deal
What do you say chaps?
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Sun Aug 31st 2014, 05:59 AM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Archives » General Discussion (Through 2005) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC