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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?


To: TideGlider who wrote (103712)4/28/2011 8:42:08 AM
From: FJB  Read Replies (1) | Respond to of 224748
 
How can initial jobless claims be at the 400k a week level for two years? I truly don't understand. That would be over 1.6 million claims a month or almost 40 million over two years. There are about 150-155 million people in the workforce.

Anybody able to explain these numbers?



To: TideGlider who wrote (103712)4/28/2011 8:52:26 AM
From: FJB2 Recommendations  Respond to of 224748
 
Economic Growth Slow as Inflation Measure Spikes Up

Published: Thursday, 28 Apr 2011 | 8:38 AM ET

U.S. economic growth slowed more than expected in the first quarter as higher food and gasoline prices dampened consumer spending, and sent a broad measure of inflation rising at its fastest pace in 2-1/2 years.

But the pull back in output, which was also the result of harsh winter weather, a widening trade gap as well as weak government spending, will probably be fleeting given a firming labor market.

Growth in U.S. gross domestic product—a measure of all goods and services produced within U.S. borders—braked to a 1.8 percent annual rate after a 3.1 percent fourth quarter pace, the Commerce Department said on Thursday. Economists had expected a 2 percent growth pace...

cnbc.com