Upside surprise on New Unemployment Claims

Thursday, December 09, 2004 | 10:08 AM

The low end of the retail universe continues to suffer from energy costs, weak income improvements, and a difficult job market.

New Jobless claims surprised to the upside, with another 8,000 added to the ranks of newly unemployed, versus a consensus of -14,000. That sends new weekly unemployment claims to 357,000. Many Economists use 350k as their line in the sand for whether the economy is creating jobs faster than population is growing. Applications for unemployment benefits now stand at a 10-week high.

All this suggests that the glass is half filled; The pace of job creation, which some have quite charitably described as "modest," continues to show signs of slowing.

Thursday, December 09, 2004 | 10:08 AM | Permalink | Comments (0) | TrackBack (1)
de.li.cious add to de.li.cious | digg digg this! | technorati add to technorati | email email this post

bn-image

TrackBack

TrackBack URL for this entry:
https://www.typepad.com/services/trackback/6a00d8341c52a953ef00d83422385153ef

Listed below are links to weblogs that reference Upside surprise on New Unemployment Claims:

» Hey There Mr. Worker, Merry F&@%ing Christmas from Barefoot And Naked
Today's Must Read comes courtesy of Barry at Big Picture. Layoffs will likely exceed 1 million... again, and new jobless claims are on the increase. The Big Picture: Layoffs Increase 2004 is still on track to being the 4th straight... [Read More]

Tracked on Dec 9, 2004 2:43:50 PM

Comments

The comments to this entry are closed.



Recent Posts

December 2008
Sun Mon Tue Wed Thu Fri Sat
  1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31      

Archives

Complete Archives List

Blogroll

Blogroll

Category Cloud

On the Nightstand

On the Nightstand

 Subscribe in a reader

Get The Big Picture!
Enter your email address:


Read our privacy policy

Essays & Effluvia

The Apprenticed Investor

Apprenticed Investor

About Me

About Me
email me

Favorite Posts

Tools and Feeds

AddThis Social Bookmark Button

Add to Google Reader or Homepage

Subscribe to The Big Picture

Powered by FeedBurner

Add to Technorati Favorites

FeedBurner


My Wishlist

Worth Perusing

Worth Perusing

mp3s Spinning

MP3s Spinning

My Photo

Disclaimer

Disclaimer

Odds & Ends

Site by Moxie Design Studios™

FeedBurner