The number of newly laid off workers filing claims for unemployment benefits dropped last week to the lowest level in 10 weeks.OPEC is being forced to cut production because gas prices are falling so fast, and this week the Dow Jones average set new record highs. A cynical person might almost think the scandal-a-day drumbeat by the Dems and the press could well be designed to distract voters from these economic realities. A cynical person...like me.
The Labor Department reported Thursday that 302,000 persons filed claims last week, the smallest number to show up at unemployment offices since the week ending July 22.
The level was down by 17,000 from the previous week and marked the second consecutive week that claims applications have fallen, providing evidence that the slowdown the economy has been going through since the spring has not triggered a big increase in layoffs.
Meanwhile, many of the nation's major retailers reported Thursday that sales came in better than expected in September as customers, encouraged by falling gasoline prices, went on a shopping spree.
Thursday, October 05, 2006
The Greatest Story Never Told
In 1992 the advice to the Democrats was "It's the economy, stupid". In 2006 the advice to the Dems is "Whatever you do, don't mention the economy, stupid".
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