General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWhile you were distracted by Ebola, ISIS, and political ads...
This was happening:
http://www.huffingtonpost.com/2014/10/16/unemployment-benefits_n_5995812.html
<snip>
WASHINGTON (AP) The number of people seeking U.S. unemployment aid dropped to the lowest level in 14 years last week, the latest sign of a strengthening labor market that could help blunt worries about the impact of weak global growth.
The Labor Department said Thursday that weekly applications for unemployment aid fell 23,000 to a seasonally adjusted 264,000, the lowest level since April 2000. Given that the U.S. population has grown considerably since then, the proportion of the U.S. workforce applying for benefits is even smaller. Applications are a proxy for layoffs.
Analysts cheered the unexpectedly strong data. Ian Shepherdson, chief economist at Pantheon Macroeconomics, described the report as "spectacular" and "astonishing."
"Whether claims can be sustained at such a low level - an all-time low, as a share of payroll employment - is debatable... but this is a clear signal of real strength in the labor market," he said in a note to clients.
......more
upaloopa
(11,417 posts)that will never enter our lives but we fail to spread good news that might help us win an election or two.
Can we cut back on the Ebola hysteria a few notches?
AngryDem001
(684 posts)The US Media is nothing more than a glorified tabloid industry feeding on fear and ignorance. It's a complete JOKE.
spanone
(135,900 posts)Fred Sanders
(23,946 posts)economy and putting 2 and 2 together......the fucking media is a disease.
99th_Monkey
(19,326 posts)kentuck
(111,110 posts)When the unemployment rate was 4.1% !!!
This is really "spectacular" news!
Peacetrain
(22,880 posts)I know that is shouting.. but holy cow kentuck.. that is really good news..
nikto
(3,284 posts)Wages are shooting upwards for American workers,
and Labor Unions are suddenly so strong.
Time to celebrate a new era of worker-rights.