November 6, 2014
THE GOP BARELY GOT THIS ELECTION IN UNDER THE WIRE:
First-Time Jobless Claims in U.S. Fell More Than Forecast (Lorraine Woellert and Shobhana Chandra Nov 6, 2014, Bloomberg)
Fewer Americans are being fired and productivity is showing signs of life, pointing to an improving job market that is helping boost consumer confidence.The number of claims for jobless benefits dropped by 10,000 to 278,000 in the week ended Nov. 1, the Labor Department reported today in Washington. Other figures showed workers were more efficient in the third quarter than economists projected and household sentiment firmed last week as family finances improved.Increasing productivity is keeping a lid on labor costs, making it possible for companies to limit price increases and take on staff as sales strengthen. Contained inflation gives Federal Reserve policy makers more room and more reason to keep interest rates near zero to further invigorate the job market and economy.
It's like a reverse 1992.
Posted by Orrin Judd at November 6, 2014 11:51 AM
Tweet