mr mahs Posted November 6 Report Share Posted November 6 What will the dems say?Initial jobless claims for the week ended Nov. 1 sank to 348,000 from an upwardly revised 391,000 the week before, the Labor Department said. Economists were expecting claims to edge down to 380,000. Also, productivity rose to an annual growth rate of 8.1% in the third quarter from an upwardly revised 7% in the quarter before, the Labor Department said. Economists surveyed by CNBC and Dow Jones were looking for a preliminary growth rate of 9%, but today’s number is still the highest in 10 years.A second-straight month of job addition would reassure investors that the struggling labor market is finally catching up with the rest of the growing economy. Businesses across the country saw stronger job and wage growth last month, MSN Money Columnist Michael Brush says here Quote Link to comment Share on other sites More sharing options...
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