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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (68723)	8/24/2006 8:59:02 AM
From: Paul Kern	Respond to of 110194

I guess they didn't notice this: _______________________________________________________ DJ US Jobless Claims -1K To 313K In Aug 19 Wk; Consensus +3K By Benton Ives-Halperin Of DOW JONES NEWSWIRES WASHINGTON -(Dow Jones)- The number of new applicants for unemployment insurance fell unexpectedly last week, the second straight decrease, suggesting that labor markets remain relatively healthy. Initial jobless claims decreased 1,000 to a seasonally adjusted 313,000 in the week ending Aug. 19, the Labor Department said Thursday. New claims for the week ended Aug. 12 were revised up to 314,000 from a previously reported 312,000. The median estimate of 16 economists surveyed by Dow Jones Newswires had signaled jobless claims would rise 3,000 last week to 315,000. The four-week moving average of new claims rose 3,500 last week to 315,250. More broadly, the labor market remains fairly robust, with an overall unemployment rate of 4.8%. At the same time, other economic data points to a cooling economy, particularly in the once red-hot housing sector. And some recent economic reports suggest easing inflation pressures. The Federal Reserve has said it expects the economic slowdown to help contain price pressures going forward. But the central bank has said it will be watching forthcoming economic data closely, and will make its monetary-policy setting decisions accordingly. The Fed recently ended a two-year credit-tightening campaign, voting to keep the benchmark federal funds rate unchanged at 5.25%. Thursday's Labor report shows the number of workers drawing unemployment benefits for more than a week shrank in the week ended August 12, the latest week for which such data are available. These continuing jobless claims decreased 9,000 to 2,492,000. The jobless rate for workers with unemployment insurance was 1.9%, unchanged from the previous week. In all, 14 states and territories reported an increase in unadjusted claims for the week ended August 12, while 39 reported a decrease. Arkansas had the biggest increase, while Michigan reported the biggest decrease in new claims, citing fewer layoffs in the automobile industry. -By Benton Ives-Halperin; Dow Jones Newswires; 202 862 9255; benton.ives-halperin@dowjones.com corrected Aug. 24, 2006 08:44 ET (12:44 GMT) (END) Dow Jones Newswires 08-24-06 0830ET Copyright (c) 2006 Dow Jones & Company, Inc.