Last week it was
new unemployment numbers
BUT - I'm willing to concede that a good portion of that was probably due to the tornadoes that swept the nation ... since it not only took out neighborhoods, but businesses where people worked as well.
So now that there has been a bit of time, and most of those people have already filed ... how will the numbers compare this week?
Weekly Jobless Claims
week ending 07May2011
#####thats down from last week but up from what they were expecting.
About 8 million people recieve unemployment benefits in the US
In order for the economy to be deemed "stable" in the eyes of economists it needs to stay nearer to 350,000 ...
It needs to be around 250,000 - 300,000 before they will consider the economy as 'growing'
at least job wise.
---------Remember that it isn't just the number of jobs created, but its also the number of people who aren't employed.
Oil Prices on Decline
17% down from highest
$115/barrell a couple days ago
At highest price in 30 months
record high in Chicago & Indiana and 16 other states ... also over $5/gallon in Hawaii and places in CA
dropped 2.4% last week
=====Permits for drilling in Gulf Coast that President is claiming, were actually issued under George W Bush - they are being allowed to get back to drilling after spillage
from all time high