Gotta love adjusting!
WASHINGTON (AP) — The number of Americans seeking unemployment benefits fell sharply last week to a seasonally adjusted 346,000, suggesting March's weak month of hiring may have been a temporary slowdown.
US unemployment aid applications plummet to 346K Unemployment aid applications dropped by 42,000 last week, the Labor Department said Thursday. The steep decline reversed sharp gains over the previous two weeks and brought the level back to a point that signals stronger job growth.
The four-week average, a less volatile measure, rose 3,000 to 358,000.
Put that in yer pipe and suck it Republicans. Even in the face of all their bullshit, we're still creating jobs.
The U.S. economy added 236,000 jobs in February, according to a Labor Department report released Friday. That's much stronger growth than in January, when employers hired a revised 119,000 workers.
Meanwhile, the unemployment rate dipped to 7.7%, as 12 million workers were counted as unemployed.
The unemployment rate fell partly because more people said they got jobs, but also because 130,000 people dropped out of the labor force.
Economists surveyed by CNNMoney had predicted 170,000 jobs were added and the unemployment rate fell to 7.8% in February. Stock futures, which were already higher before the jobs report, rose further following the release.
The jobless claims can mostly be blamed on Sandy, but the economy is a straightforward "GOOD NEWS!"
NEW YORK (CNN Money) -- The U.S. economy grew faster than previously reported in the third quarter, as businesses built up their inventories and international trade was stronger than expected.
Gross domestic product, the broadest measure of the nation's economic health, grew at an annual rate of 2.7% from July to September, the Commerce Department said Thursday, faster than the 1.3% rate in the second quarter, and better than originally reported.
The Commerce Department estimates the quarterly GDP figures three times, and Thursday's data marks its second estimate. It had originally reported the economy grew 2% in the third quarter.
The upward revision came mainly from two areas: exports were stronger than expected, growing at a 1.1% annual rate, and businesses built up larger inventories of their products.
UPDATE via Fox Biz email alert:
U.S. Pending Home Sales Jump in October
Contracts to buy previously-owned homes rose 5.2% in October from September, a much bigger jump than the 0.8% expected, according to the National Association of Realtors.
So Chuck Todd just tore these numbers down to somehow prove that PBO has created a net of 140k or so jobs the past four years (sounds awful) instead of tooting these numbers as GOOD for PBO as all the pundits have predicted they would be seen. You just can't win.
Total nonfarm payroll employment increased by 171,000 in October, and the unemployment
rate was essentially unchanged at 7.9 percent, the U.S. Bureau of Labor Statistics
reported today. Employment rose in professional and business services, health care,
and retail trade.
Not barn burning, but a slow steady growth. Apparently economists are feeling the growth too.
WASHINGTON (AP) — U.S. companies restocked their shelves at a solid pace in August while sales rose for a second straight month. The combination of higher stockpiles and increased sales should help to boost economic growth.
Business inventories grew 0.6 percent in August following a July gain of 0.8 percent that had been the strongest since January, the Commerce Department said Monday. Sales were up 0.5 percent in August following a 0.9 percent rise in July that followed a big drop in June.
Companies typically boost their stockpiles when they anticipate sales will rise in coming months. Faster restocking helps drive economic growth. When businesses order more goods, it typically leads to more factory production.
The Political Carnival T-Shirt
Modeled by @suzannegypsy
Lt. Col Barry Wingard is the lawyer for Gitmo detainee Fayiz Al-Kandari. For their ongoing story + related topics, please click on the link below:
Kuwaiti Citizen Detained at Guantanamo since 2002
The Political Carnival is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com.
Photographs on The Political Carnival site (please read):
Photographs from other sources sometimes appear on TPC for humorous or illustrative purposes. As it is not our intention to use these images in any inappropriate manner or to infringe upon any rights held by others, anyone holding legal rights in the use of these images who wishes to have them taken down please contact us immediately requesting such removal, with which we will comply promptly.