Decrease in Jobless Benefits
Economists have projected an increase in the economy by 3 percent for the year of 2005. It is down from last year’s 4.4 percent; however the growth rate is still respectable. In this the jobless benefits claims have reached an all time low in four years. The Federal Reserve Chairman Alan Greenspan believes that the “economic fundamentals have steadied with inflation and inflation expectations well anchored.” The decline of jobless claims has come to surprise economists, because they had projected an increase of 12,000.
Posted by Dale at 2/19/2005 04:15:00 PM