U.S. jobless claims fall to match lowest level si
Post# of 65629
Posted On: 04/14/2016 1:55:24 PM
Quote:
U.S. jobless claims fall to match lowest level since 1973
Ominous news, if you're a GOP supporter. Why? ANY good economic news for the Country is bad news for the hyperbolic, contra-factual, economically illiterate....look at their tax and tariff plans......ass-on-fire GOP candidates.
Partisan take? Sure. Inaccurate assessment of the kind of news that would hurt or help GOP hyperbolic narratives about the economy?
Nope!
And anyone and everyone not sipping the GOP Kool-aid knows it.
How do they know that? They didn't cringe when they read the headline. LOL!
Source: MarketWatch, aka Dow Jones
Published: Apr 14, 2016 9:03 a.m. ET
Layoffs running at lowest level since early 1970s
By Jeffry Bartash
Reporter
The number of Americans who applied for unemployment benefits last week fell by 13,000 to 253,000, matching the lowest mark since the end of the Great Recession and sinking to a level last seen in 1973.
Economists polled by the MarketWatch had predicted initial jobless claims would total a seasonally adjusted 270,000 in the seven days stretching from April 3 to April 9.
The U.S. has generated millions of jobs over the past five years, putting many Americans back to work and keeping the economy on a slow but stable growth path in the wake of the devastating 2007-2009 downturn.
Many companies these days are not only reluctant to part with current employees, they complain it’s harder to find enough qualified people to fill open positions.
Read more: http://www.marketwatch.com/story/us-jobless-c...2016-04-14
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