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« Andrew Sullivan Watch | Main | Army of Ansar al Sunnah Praises John Kerry »
October 22, 2004

A Little Afternoon Cowbell

Too late to influence the election, but it's nice to know the economy is getting healthier.

Jobless claims down again:

WASHINGTON - The number of new people signing up for jobless benefits fell sharply last week, offering a dose of encouraging news that the recovery in the labor market may be strengthening a bit.

The Labor Department (news - web sites) reported Thursday that new filings for unemployment insurance declined by a seasonally adjusted 25,000 to 329,000 for the week ending Oct. 16. That marked the lowest level since early September. In the prior week, claims had climbed by 16,000.

The latest snapshot of the layoffs climate was better than economists were expecting. They were forecasting claims to total in the 345,000 range.

The more stable, four-week moving average of claims, which smooths out week-to-week fluctuations, decreased by 5,500 last week to 348,250, the best showing since late September.

Thanks to Mark.

And highlights from the Joint Economic Committee's latest report on state employment:

* Over the past year (since September 2003), the unemployment rate has fallen in 46 states. 36 states have unemployment rates at or below the national unemployment rate of 5.4 percent.

* Non-farm payroll employment has increased in 47 states over the past year. The largest over-the-year gains in employment occurred in Florida (+125,500), Texas (+123,700), California (+121,900), Virginia (+81,900), and New Jersey (+68,800).

* In 2004, 49 states have added new payroll jobs.

* Non-farm payroll employment increased in 33 states in September. The states with the largest payroll job gains during September were Kansas (+12,400), New Jersey (+12,000), Missouri (+10,400), Nevada (+6,700), and Texas (+6,500).


posted by Ace at 12:59 PM
Comments



Yes, but Florida and NJ were the only Swing states with significant employment gains. Perhaps because of the high numbers of very wealthy people there.

Not Ohio, Pennsylvania, Michigan, Iowa, Wisconsin, NH, Maine.

Bush's tax cuts for the wealthy may have caused a local boost in states where most of the tax cuts went to - but not elsewhere. Wealth is not only concentrated in the few in America, but it is also geographically concentrated, curiously for Bush -in Democratic "Blue" bastions like CT, Massachusetts, LA, San Francisco, NYC, Seattle.

Posted by: Cedarford on October 22, 2004 02:31 PM

Considering the size of the NJ economy, I wonder if them being up there with CA in terms of jobs gain is creating some "street cred" for Bush.

Posted by: fat kid on October 22, 2004 02:35 PM

Why, it's not curious at all, Cedarford - it's long been understood that liberal states such as those you mention are full of rich, reactionary oligarchical hypocrites. And that's why they overwhelmingly support Kerry - he's one of them.

P.S. - Don't tell "the wealthy," but Bush must have diverted a fairly good chunk of "their" tax cut to solidly middle-class folks like me. And along with my wife and me, all of the contractors working on my house right now (and their solidly middle-class families) thank him.

Posted by: Rocketeer on October 22, 2004 02:37 PM
Perhaps because of the high numbers of very wealthy people there.
Numbers, not conjectures my friend. I need definitions for "high numbers of very wealthy people".
Posted by: fat kid on October 22, 2004 02:37 PM

Actually Maine has some very high income individuals, they dont call it "vacationland" for nothin. There are more vacation homes there than full-time residents or some stupid statistic like that. Of course we all know only super-poor people have second (and third) homes. But you know, I wouldn't want to by the fly in Cedarford's ointment. Heh.

Posted by: fat kid on October 22, 2004 02:41 PM

fat kid - Numbers, not conjectures my friend. I need definitions for "high numbers of very wealthy people".

Well, isn't it nice that you "need", fat kid!

If you look at US census maps, you will see wonderful geographical distinctions on concentration of wealth. Not much is shown in "flyover country". Most of the money Dubya borrowed from the Saudis and Chinese to fund his tax cuts went to Kerry Blue state well off folk.
Yeah, snicker...."IT'S THEIR MONEY"!! (So why did we borrow the funds to pay them from foreign countries?)

Rocketeer -

Paraphrasing..."Well, I'm not rich but I'm happy as a pig rolling in shit since Dubya's tax cuts let me buy a satellite dish for my double-wide!"

32.5% of the borrowed Chinese, Saudi, and French money went to the Richest 1%. 80% of the foreign loan money went to the top 10%.

Glad you are doing well on scraps.

Ever read Dickens?

Love that Porter family. Once they chased off the dogs, they dined well for years on the scraps thrown out of Lord Albrighton's manor. And, within their perspective, the Porters were quite happy with their lot. Stale bread, sour wine, and half-gnawed bones made a spendid stew.

Posted by: Cedarford on October 22, 2004 11:17 PM

Cedarford,

What's it like, going through life as a condescending little shit?

Ever read Thucydides?

Love those Athenians, talking to to Melians. "Right, as the world goes, is only in question between equals in power, while the strong do what they can, and the weak suffer what they must."

Enjoy four more years out of power, punk.

Posted by: Rocketeer on October 23, 2004 08:56 AM
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