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Thursday, January 06, 2005
Where are all of the jobs going?
I thought this was the greatest economy in American history. At least that's what this administration seems to want the American people think. As Reuters' Andrea Hopkins reports, that's just not true:
New claims for U.S. jobless pay surged unexpectedly last week to the highest level since late September, but analysts shrugged off the jump as a holiday blip and looked to Friday's payrolls report for a better look at the labor market.I wonder if the economy will ever start heating up...
The number of Americans filing first-time claims for state unemployment insurance aid rose 43,000 to 364,000 in the week ended Jan. 1, up from a revised 321,000 in the previous week, the Labor Department said.
It was the largest one-week gain in nearly three years and far surpassed Wall Street expectations for a rise to 331,000 from the originally reported 326,000 in the prior week.
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