Jobless Claims Lowest Since 2000

[DaveSZ]

http://biz.yahoo.com/rb/040506/economy_5.html

Jobless Claims Lowest Since 2000
Thursday May 6, 12:06 pm ET
By Alister Bull


WASHINGTON (Reuters) - America's employment outlook brightened on Thursday after the government said jobless claims dropped last week to their lowest since 2000, bolstering expectations for strong numbers in the April jobs report.
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U.S. Treasury bond yields hit a two-year high on the unexpectedly rosy number and the dollar climbed 1 percent against the yen as markets bet heavily the Federal Reserve will hike interest rates this summer as the economy warms.

The picture of a better jobs climate was also backed by an unexpected increase in unit labor costs in the first quarter, alongside respectable productivity growth of 3.5 percent.

First-time claims for state unemployment benefits shrank 25,000 to 315,000 in the week ended May 1, the Labor Department said. It was the third straight week of declines.

-more-

[napi21]

1. Yea, that's probably true because all benefits ran out and

those that were unemployed have had to take part time jobs or starve!

[stopbush]

2. I'm out of work for 3 years. My UI ran out two years ago.

No luck finding a job since bush took over.

Boy, this article sure is great news!!! I feel brighter already!

[DaveSZ]

5. Heheh

Well, I'm only posting what the "liberal media" is telling us.


:P

[arwalden]

3. Doesn't This Only Mean That The RATE Of Job LOSS Is Declining? But...

this has nothing to do with the actual rate of people FINDING gainful and meaninful employment appropriate to their previous jobs, experience, and skill?

Simply because "new claims" decreases does not necessarily mean that NEW JOBS have been created... Or am I mistaken?

-- Allen

[mhr]

4. Republicans Worst Nightmare - People Like Myself

Unemployed 4 years!

Two College Degrees:
BSEE
MBA

Special Training:
FAA Certified Commercial Pilot

Military Service:
Officer United States Navy

Professional Work Experience:
Long and Varied

Slowly becoming impoverished!

Can't get low income jobs - too much experience, too many aliens
Can't find middle class white collar jobs - outsourced or already filled

Unemployment insurance? What's that?

[DaveSZ]

6. I think it's time for a new New Deal

What do you say chaps?