Log In | Register
Productivity Growth Skids to Standstill
The front step is all that remains from the previous dwelling as heavy equipment clears a site for construction of a new home in an established south Denver neighborhood on Monday, Aug. 21, 2006. Construction spending fell in September as home building declined for a sixth consecutive month, the longest stretch of weakness in residential construction in more than a decade. (AP Photo/David Zalubowski)
Jobless Rate Holds Steady
MORE JOBS: Employers added 132,000 new jobs in June, sufficient to hold the unemployment rate at 4.5 percent, where it has stood for three months.
SLIGHTLY HIGHER WAGES: Workers saw modest wage gains in June. Average hourly earning rose to $17.38, a 0.3 percent increase from May.
GAINING STRENGTH: The government statistics provide fresh evidence that the once-listless economy is regaining energy.
Jobless Rate Holds Steady
MORE JOBS: Employers added 132,000 new jobs in June, sufficient to hold the unemployment rate at 4.5 percent, where it has stood for three months.
SLIGHTLY HIGHER WAGES: Workers saw modest wage gains in June. Average hourly earning rose to $17.38, a 0.3 percent increase from May.
GAINING STRENGTH: The government statistics provide fresh evidence that the once-listless economy is regaining energy.
- Enjoy this article? Help vote it up the 'Vine.
- Public Discussion (7)
The rise of 18,000 in the level of jobless claims was far above the 2,000 increase that analysts had been expecting. So far, the slowing economy has prompted companies to trim their plans to hire new workers, but they have resisted laying off current employees. However, the severity of the slowdown could be prompting them to start laying off existing workers.
I'm confused. I've heard other reports that say the economy is booming. The stock market seems to be doing well - is this artificially inflated? I also thought unemployment was down and we were creating new jobs.
Are these Real Estate Agents that are making the jobless claims?
- 1 vote
#1 - Thu Nov 2, 2006 9:12 AM ESTThe first sign of a let up in the booming economy and all the people that refused to see it are now abuzz.
How can it be slowing, if it was never booming in the first place?
- 2 votes
wait a sec.. wasn't the labor department releasing statistics that said the economy was kicking ass and taking names just last week?
this all goes to show that figures don't lie but liars can figure.
please please please get out and vote on tuesday so we can start the process of putting into place an honest government that won't try to manipulate us at every turn.
- 4 votes
#2 - Thu Nov 2, 2006 9:15 AM ESTDid all of you actually read the article? Wages are up and there is concern over inflation; that is a sign of good economy, not a bad one.
If you want to reverse that, go ahead and put Reid and Pelosi in charge of Congress. Personally, I remember the economies of 1993 and 1977 quite well and none too fondly. And I am not eager to see us return to that level anytime soon.
hmmm.. i'll ask i YOU read the article..
The Labor Department said that the total number of jobless claims, which are adjusted for normal seasonal variations, was the highest since early July, raising concerns about whether the slowing economy is finally beginning to push companies to lay off workers.
if you call this good news, then you belong right square in the middle of bizzarro bushy land.
- 1 vote
When did wages rise? My annual raises have yet to match the rising cost of living. Who is this really affecting?
#3 - Thu Nov 2, 2006 11:10 AM ESTYou're in Easy Mode. If you prefer, you can use XHTML Mode instead. |
