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February 02, 2006
Things Seem to Be Tightening Up
A second report from the Labor Department suggested the job market has tightened further since the fourth-quarter. New claims for U.S. unemployment benefits fell unexpectedly to 273,000 last week, pushing a four-week average of claims to the lowest level in nearly six years.But productivity also dropped. Some economists are saying a it's temporary blip because of the hurricane impact in the fourth quarter, while others hold their breath about wage inflation. All eyes will be on the monthly report tomorrow. I love this stuff.
Posted by tree hugging sister at February 2, 2006 09:53 AM