Thursday, April 15, 2004

WSJ ON JOBLESS CLAIMS


"...during the week of April 3 the number of workers drawing benefits for more than a week fell below the three million mark, to 2,980,000, for the first time since July 2001. Economists say that's a sign of an improving job market."

Or maybe the reason UI claims fell is because Bush and the Republican-led Congress refuse to extend unemployment benefits to the millions of long-term unemployed who have exhausted their UI benefits and hold precious little hope of finding work when the President's economic policies have helped create a paltry 766,000 private sector jobs in the past 8 months (for a whopping average of 95,750 per month).

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