Unemployment Claims Lowest Since Bush Became President
By Jimmy Moore
Talon News
January 1, 2004

Unemployment claims dropped last week to the lowest level since George W.
Bush was inaugurated president, according to the latest jobless benefits
report released by the Labor Department on Wednesday.

New unemployment insurance requests fell to 339,000 for the week ending
December 27. Jobless claims have not been this low since January 20, 2001,
the day President Bush was sworn into office as president of the United
States.

Economists credit this good news in the job market to an increase in
consumer confidence in the U.S. economy. They also say that business owners
have ceased the layoffs and are beginning to hire new workers again as the
economy continues to get better. Also, businesses are investing more capital
in the economy, which will help the economy recover even faster.

In fact, a recent Conference Board report estimates that more than one
million new jobs will be created in 2004 as unemployment continues to fall
significantly.

Ken Mayland, president of ClearView Economics, says he sees job creation
ready to explode.

"There is clearly reason for optimism that we are getting on a significant
job-generation track," he told the Associated Press.

Talon News reported on a recent AP poll that found there to be optimism by
the American people about the job market in 2004. The poll showed that 57
percent are either as confident or more confident in their job security than
they were six months ago while only 42 percent say they are less confident.

Most economic experts have been confounded by the noticeable fall in
unemployment benefit claims over the past few months, which have been
substantially better than any of them predicted. In fact, jobless claims
have been below the 400,000 mark for 13 weeks in a row. Most economists view
unemployment insurance claims below the 400,000 mark as a sign of a stable
and strengthening job market.

Talon News has reported on the steady decline in jobless claims since last
spring. In mid-April, new jobless claims grew to 459,000, but the decline
has been clearly evident ever since. Even Federal Reserve Chairman Alan
Greenspan commented recently that he believes the decline in the job market
has stabilized.

Some credit the increased confidence in the economy to the tax cuts passed
by Congress and signed into law by President Bush last year.

Unemployment, which was as high as 6.4 percent over last summer, fell to 5.9
percent by the end of 2003.

However, economists have long contended that the job market is the slowest
part of the economy to recover after a recession.

Regardless, Talon News has previously reported the economy grew at an
astounding 8.2 percent in the third quarter, which was the best since the
Reagan administration. And although the fourth quarter is not expected to be
that high, the growth rate will likely be close to 5 percent and would
propel the economy forward in the new year.

A USA Today survey of 57 economists recently predicted 2004 will be the best
year for growth in the American economy in a decade and that unemployment
will dip to 5.5 percent.

Additionally, these economists were unanimous in their belief that Bush will
be reelected in 2004 because of the improvements in the economy and the job
market.

NOYB wrote:

Unemployment Claims Lowest Since Bush Became President
By Jimmy Moore
Talon News
January 1, 2004

Unemployment claims dropped last week to the lowest level since George W.
Bush was inaugurated president, according to the latest jobless benefits
report released by the Labor Department on Wednesday.

New unemployment insurance requests fell to 339,000 for the week ending
December 27. Jobless claims have not been this low since January 20, 2001,
the day President Bush was sworn into office as president of the United
States.



What's the real count of those still unemployed, those who are
underemployed and those who've given up? Biggest numbers since the
1930s, I'd bet.

The Bush Economy is a failure. Just like its namesake.


--
Email sent to is never read.

"Harry Krause" wrote in message
...
NOYB wrote:

Unemployment Claims Lowest Since Bush Became President
By Jimmy Moore
Talon News
January 1, 2004

Unemployment claims dropped last week to the lowest level since George
W.
Bush was inaugurated president, according to the latest jobless benefits
report released by the Labor Department on Wednesday.

New unemployment insurance requests fell to 339,000 for the week ending
December 27. Jobless claims have not been this low since January 20,
2001,
the day President Bush was sworn into office as president of the United
States.



What's the real count of those still unemployed, those who are
underemployed and those who've given up? Biggest numbers since the
1930s, I'd bet.

The Bush Economy is a failure. Just like its namesake.

Or... the dems are a failure and this time next year there will not be many
in office! Good news for America.

Bob
4 more Jr. and 8 Jeb Can Senior run again?

"Robert White" wrote in message news:H1FJb.2581

Can Senior run again?




Yes

Can Senior run again?



Yes


That good to hear. I've always admired George H.W. Bush. He was good to the
Coast Guard when I was on active duty. The "coasties" always helped him out in
Kennebunkport whenever he asked.

Butch Ammon

"Butch Ammon" wrote in message

That good to hear.

Of course, 41 would be eighty-four in '08. Hardly likely.

"Harry Krause" wrote in message
...

What's the real count of those still unemployed, those who are
underemployed and those who've given up? Biggest numbers since the
1930s, I'd bet.

The Bush Economy is a failure. Just like its namesake.

What the heck is "underemployed?"

And, why are you posting through a German news server?

Bert

On Sat, 3 Jan 2004 19:57:27 -0500, "Bert Robbins"
wrote:


"Harry Krause" wrote in message
...

What's the real count of those still unemployed, those who are
underemployed and those who've given up? Biggest numbers since the
1930s, I'd bet.

The Bush Economy is a failure. Just like its namesake.

What the heck is "underemployed?"

And, why are you posting through a German news server?

The Berlin server is probably the best text only free news server on
the planet hands down. No binaries, the retention is excellant and
they are right on top of posts - almost no delay.

It's a good server.

Later,

Tom
S. Woodstock, CT
----------
"I object to fishing tournaments less for
what they do to fish than what they do to
fishermen." Ted Williams - 1964

Bert Robbins wrote:

"Harry Krause" wrote in message
...

What's the real count of those still unemployed, those who are
underemployed and those who've given up? Biggest numbers since the
1930s, I'd bet.

The Bush Economy is a failure. Just like its namesake.

What the heck is "underemployed?"

Insufficiently employed, not used to the optimum capacity. Chiefly of
persons or machinery.

As when a top industrial designer is laid off, cannot find new work in
his field, and is forced to accept a job doing whatever it is you do for
a living.


And, why are you posting through a German news server?

Bert

Because it is a great news server and offers portability. Why, does it
bother you? If so, why? Why do you post via Comcast?



--
Email sent to is never read.

"Harry Krause" wrote in message
...
Bert Robbins wrote:

"Harry Krause" wrote in message
...

What's the real count of those still unemployed, those who are
underemployed and those who've given up? Biggest numbers since the
1930s, I'd bet.

The Bush Economy is a failure. Just like its namesake.

What the heck is "underemployed?"

Insufficiently employed, not used to the optimum capacity. Chiefly of
persons or machinery.

As when a top industrial designer is laid off, cannot find new work in
his field, and is forced to accept a job doing whatever it is you do for
a living.

Nobody "is forced to accept a job", you choose to accept a job. Professions
and lines of work have come and gone throughout time and their is no
guarantee that your particular profession or line of work will be in demand
in the future. How many wheelwright jobs are there today?


And, why are you posting through a German news server?

Because it is a great news server and offers portability. Why, does it
bother you? If so, why? Why do you post via Comcast?

Just curious.

Bert