Video- Pat Buchanan: April job numbers "unvarnished good news"

Hahahahahahaha.

"The recovery will not be jobless much longer."

By GottaLaff

Darn that President Obama and his silly stimulus/recovery plan! If it works, and if health care reform catches on, he'll ruin all the Rushpublic fun!

With a new employment report due Friday, Bloomberg reports economists believe the "worst U.S. employment slump in the post-World War II era may have almost ended in December, signaling the recovery will not be jobless much longer."

"Stimulus-driven gains in global demand mean American companies may need to start boosting payrolls in 2010 after eliminating 7.2 million jobs since the recession began in December 2007."

Curses. Foiled again.

Jobless claims, durable goods point to improvement

Mmmm, starting to wake up more with this nice news.

WASHINGTON – A fitful economic recovery is drawing strength from a stabilizing job market and signs that manufacturing will contribute to the rebound.

The latest sign was a government report Thursday that the number of newly laid-off workers filing claims for unemployment benefits fell more than expected last week. And the four-week average for claims, which smooths out fluctuations, fell for the 16th straight week, to its lowest point since September 2008, when the financial crisis hit with full force.

Further evidence of a gradually healing economy was a report that orders to U.S. factories for big-ticket durable goods rose in November. The overall increase was less than expected. But excluding the volatile transportation category, the gains were twice what economists had forecast.

New Jobless Claims Drop to 512K

In ya face Rethugs.

(AP) The number of newly laid-off workers filing claims for unemployment benefits last week fell to the lowest level in 10 months, evidence that job cuts are easing as the economy slowly heals.

Still, companies are reluctant to hire and economists expect the unemployment rate will tick up to 9.9 percent when October's figure is reported Friday. The jobless rate hit a 26-year high of 9.8 percent in September.

The Labor Department said Thursday that first-time claims for jobless benefits fell by 20,000 to a seasonally adjusted 512,000. That's better than economists' estimates of 523,000.

Economists closely watch initial claims, which are considered a gauge of the pace of layoffs and an indication of employers' willingness to hire new workers.

Reich: Stimulus saving/creating 200K+ jobs a month

By GottaLaff

This just in: The joblessness numbers would be worse without the stim package. Damn that Obama! How dare he flirt with success?!

Robert Reich:

The numbers would be even worse but for the stimulus package. According to an analysis by the Economic Policy Institute, the stimulus is saving or creating between 200,000 and 250,000 jobs a month. Without it, job losses in September would have been nearly twice what they actually were.

Yeah, but Prez O lost out on the Olympics bid. What an utter failure.