Weekly jobless claims fall to 340K, midwest manufacturing spikes, deficit lowest in 5 years #BlameObama

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Fox Biz keeps sending me email alerts, and because I have so much faith in Fox's credibility, I share many of them with you. After all, who am I to question Fox or their sources?

First-time claims for unemployment benefits fell last week to 340,000 from 350,000 the week prior. Economists expected claims to fall to 339,000. The Labor Department said there were no backlog claims from a computer glitch in California that’s affected previous reports.

The Institute for Supply Management-Chicago’s gauge of manufacturing activity surged in October to 65.9 from 55.7 in September, while economists expected activity to fall to 55. The reading was the highest since March 2011. Readings above 50 indicate expansion, while those below point to contraction in activity.

But wait! There's more!

U.S. Budget Deficit Down to $680B, Lowest in 5 Years...

...down from $1.09 trillion in 2012. That’s the smallest imbalance since 2008, when the government ran a $458.6 billion deficit.

Guess what contributed to that number... Go ahead, guess.

If you guessed a better economy and higher tax rates, you'd be correct.

Unfortunately, the Republican government shutdown is adding to the unemployment numbers. #BlameGOP

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  • Sally

    Without the sequestor job losses, and lack of tax revenue, the numbers would look so much better. This must really tick off the GOP, who has tried for fove years to ruin this economy completely, thinking they could ride "JOBS!" into another mid-term without creating one job since themselves. I think they are in for a huge shock next fall...maybe they will become human beings again instead of Koch robots?