Word: joblessly
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...Meanwhile, back in the U.S., the Labor Department reported today that first-time filings for jobless benefits rose by 16,000, to 350,000, for the week ending November 1 ? double the increase that analysts had expected. Claims for the week of October 25 shocked Wall Street by falling to 297,000, after a rise of around 310,000 in previous weeks. The current level is still a sign of a particularly tight labor market...
...latest jobless figures are making investors gush (Money Daily...
...market, Wall Street cheers. This morning's unemployment figures from the Labor Department drove the bond market up and made investors ever more exuberant. "Just when we thought it couldn't get any better, by God it did," gushed Robert Froehlich of Kemper Funds. Why the excitement? The jobless rate stayed steady at 4.9 percent, when most analysts had been forecasting a fall. No new jobs, of course, means less wage inflation, and a nicely tepid economy for all. Money Daily has the details...
...Canadian picture is the same. Growth is expected to reach 3.7% this year and next. Inflation will stay under 2%, thanks in part to rigorous budget balancing. A stubborn jobless rate fell to 9% this summer for the first time since...
...YORK CITY: About the only thing other than Alan Greenspan that seems able to slow an exuberant stock market right now is a shrinking unemployment rate. So after the government released a report this morning showing that the nation's jobless rate dropped to 4.8 percent in July, matching a 24-year low, the Dow promptly fell nearly 120 points. While the White House was quick to claim credit ("The strategy of balancing the budget, while investing in our people and selling more American products around the world, has helped to produce sustained prosperity for Americans," Clinton said), markets slowed...