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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Bill who wrote (452520)9/4/2003 12:40:07 PM
From: American Spirit  Respond to of 769670
 
You're wrong. Bush unemployment just got worse.

Initial claims for state unemployment insurance rose 15,000 to 413,000 in the week ending Aug. 30 from a revised 398,000 the prior week, the Labor Department (news - web sites) said.

Wall Street economists had expected claims to edge down a bit from the 394,000 initially reported for the Aug. 23 week. Prices for U.S. Treasury securities rose a bit on the weak report, the major U.S. stock market indexes opened flat and the dollar slipped.



To: Bill who wrote (452520)9/4/2003 12:40:25 PM
From: Kenneth E. Phillipps  Read Replies (1) | Respond to of 769670
 
Bill, even a gain of 10,000 or 20,000 jobs would be statistically insignificant. It will take 150,000 new jobs a month to prevent the unemployment rate from increasing. I don't see that happening before the election in 2004.



To: Bill who wrote (452520)9/4/2003 2:47:58 PM
From: gerard mangiardi  Read Replies (2) | Respond to of 769670
 
What data are you reading? Look at the continuing claims for unemployment. They keep going up.


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