Jobless Claims Tumble to Lowest in Three Years (pre 9/11)
From The Associated Press:The number of people filing new claims for unemployment benefits dropped last week to the lowest level in more than three years, a promising sign that companies feel better about the economy's prospects and are less inclined to get rid of workers.
The Labor Department reported Thursday that new applications filed for jobless claims declined by a seasonally adjusted 14,000 to 328,000 for the week ending April 3. That marked the lowest level since April 13, 2001.
The jobless claims figures were better than economists were expecting. They called for a slight decline from the previous week to around 340,000.
The more stable four-week moving average of claims, which smooths out weekly fluctuations, also went down last week by 3,250 to 336,750. That represented the lowest level since November 25, 2000.
Matt's Chat
I just find it entertaining that John Kerry isn't talking about jobs anymore...Mark's Remarks
What? What did that last statement say: "The more stable four-week moving average of claims, which smooths out weekly fluctuations, also went down last week by 3,250 to 336,750. That represented the lowest level since November 25, 2000."
Who was in charge in November 2000, to have claims higher than this? Surely he had a terrible economic program or something, right libs? Oh wait, it was Bill Clinton, so we won't even talk about his issues with his recession, now will we? Wouldn't want to be intellectually honest now, would we?
Seriously, this is great news for the people out there looking for jobs, and it is further proof that the Bush economic plan, slowed by 9/11, is finally kicking in and people are going to work....they are getting out and working again, after having their savings disappear, their mutual funds go south when Clinton's phony prosperity bubble burst....
And everywhere, the hamsters are gnashing their teeth and thinking of new ways to spin this data...Jobless claims are down, people are going to work...will the libs be happy? Probably not, even though this is great news for Americans.
