Because you won’t likely hear about it on the Liberal Party’s state-run CBC division here in Canada, nor on the other liberal media, I wanted to update you on the fact that jobless claims in the U.S. continues to fall. I found the story on FoxNews.com.
Many of you may already know that Fox News Channel, which allows conservative-friendly remarks to be stated without a roll of the eyes or a notable sneer, is now available in Canada on Rogers, most of Shaw, Cogeco, and Star*Choice.
Jobless Claims Hit Lowest Mark in Four Years
FoxNews.com
Thursday, February 17, 2005WASHINGTON — The number of Americans claiming initial jobless benefits fell unexpectedly by 2,000 last week to the lowest level in more than four years as the U.S. labor market continued to strengthen, a government report showed on Thursday.
First-time claims for state unemployment insurance aid dropped for the third consecutive time, to 302,000, in the week ended Feb. 12 from 304,000 in the previous week, the Labor Department said. It said there were no special factors to account for the drop in claims.
Last week’s decline marks the lowest level since October 2000, before the economy tipped into recession.
Wall Street economists had expected a rise in claims to 315,000. The surprise fall is likely to boost analyst expectations for February’s broader payroll report, which surveys employers at the same time of the month as last week’s jobless claims report.
The payrolls report, due out in March, is compiled in the pay period which contains the 12th day of the month.
The closely watched four-week moving average, which smooths weekly volatility in claims, also fell, to 311,750, down 4,000 from the previous week.
Continued claims, a measure of the number of people receiving benefits after an initial week of assistance, fell 14,000 to 2.72 million in the week ended Feb. 5, the latest period for which the data is available.
I couldn’t find the story at http://www.ctv.ca/ctvnews, nor
http://www.cbc.ca/news/. As I said, I found it at Foxnews.com
Note that the story didn’t focus on and spend most of its space discussing what the Democratic Party thought of the jobless figures and getting all sorts of retorts from them. I know. It’s bizarre.
PTBC was founded by Mr. Johannesen in 2000.
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