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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Jacob Snyder who wrote (56119)	11/21/2001 3:52:56 PM
From: daryll40	Respond to of 70976

Have a good bird, y'all!

To: Jacob Snyder who wrote (56119)	11/21/2001 3:54:20 PM
From: advocatedevil	Read Replies (1) \| Respond to of 70976

ST - Trading FWIW, I dumped it all at an average price of $37.87 for a loss here at the close. I'll provide a status update shortly. AdvocateDevil

To: Jacob Snyder who wrote (56119)	11/21/2001 4:16:31 PM
From: Jacob Snyder	Respond to of 70976

November 21, 2001 Initial Jobless Claims Fall Again Consumer Sentiment up A WALL STREET JOURNAL ONLINE News Roundup WASHINGTON -- Jobless claims fell last week for the fourth consecutive week as the ailing labor market showed some signs of stabilizing. Meanwhile, a closely watched survey of consumer sentiment rose in November for the second straight month, and the government reported a narrower budget deficit for the month of October compared with last year. The number of workers filing first-time applications for unemployment benefits fell by 15,000 claims to 427,000 in the week ended Saturday, the Labor Department said. The four-week moving average of claims fell 20,000 to 454,250. Economists had been expecting initial claims to push higher, according to a survey by Thomson Global Markets. Other numbers in Wednesday's report also indicated the labor market is improving. The total number of people drawing unemployment benefits for the week ended Nov. 10 fell for the first time since Sept. 8, dropping by 65,000 claims to 3,734,000. Such continuing claims figures lag a week behind initial claims data. To cope with the sour economy and fallout from the terror attacks, companies have cut production, trimmed hours and let workers go. 1See the full text of the Labor Department's report on jobless claims. 2Read analysis from Briefing.com on the report. The unemployment rate soared from 4.9% in September to 5.4% in October and companies eliminated 415,000 jobs, the biggest one-month drop in 21 years. Economists predict the jobless rate will climb in the months ahead as companies continue to be reluctant to hire new workers, and could reach 6% by next summer. The Labor Department revised its preliminary estimate of initial claims for the week ended Nov. 10, lowering it by 2,000 to 442,000. Separately, the University of Michigan's consumer-sentiment index rose to 83.9 in November from 82.7 in October, according to people who had seen the report. Economists expected the index to rise to just 83.5. The survey is based on telephone interviews of about 500 people across the country. The report is released only to subscribers. The current-conditions index, which measures Americans' views of their present financial situation, rose to 95.3 from 94. The expectations index, which tracks consumers' attitudes about the next 12 months, rose to 76.7 from 75.5. October Deficit Narrows In another report, the Treasury Department said the federal government posted a $9.39 billion deficit in October, narrower than the $11.32 billion deficit reported a year earlier. Last month's budget gap compared with a revised surplus of $35.25 billion in September, previously reported as a $35.39 billion surplus. Receipts totaled $157.16 billion last month, up from $135.11 billion a year earlier and $158.50 billion in the previous month. Outlays totaled $166.55 billion last month, compared with $146.43 billion a year earlier and $123.35 billion in September. Meanwhile, the Senate Banking Committee will vote next week on two of President Bush's nominees to fill vacant positions on the Federal Reserve Board of Governors, a committee spokesman said Wednesday. The nominees are Tennessee banking executive Susan Schmidt Bies and former bank lobbyist and Congressional staffer Mark Olson. The panel is expected to approve the nominations.