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GoneFishin
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Subject: |
Bad News For The Right
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Date:
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4/30/2015 10:35:28 AM
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Since the Right prefers failure on the economy, they will not like this latest from Bloomberg:
"Applications for U.S. jobless benefits declined last week to the lowest level in 15 years, showing employers view a first-quarter slowdown in the economy is probably temporary.
First-time filings for unemployment insurance fell by 34,000 to 262,000 in the week ended April 25, the lowest since April 15, 2000, a Labor Department report showed Thursday in Washington. The figure was smaller than the lowest projection in a Bloomberg survey of economists.
With job openings at a 14-year high and prospects for stronger growth after the first-quarter setback, companies are intent on maintaining headcounts. The level of firings is consistent the Federal Reserve’s view of sustained progress in the job market.
“It gives you confidence that employers aren’t looking at their workforce and saying, ‘Gee, I’m stuck with too many workers for the kind of demand I’m facing,’” said Guy Berger, an economist at RBS Securities Inc. at Stamford, Connecticut. “It’s a good sign, no doubt about it.”
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