Thursday, February 10, 2005

Great News on the Economy

The Labor Department announced today that new jobless claims fell to 303,000 for the week ending Feb 5th. This is the lowest jobless claims total in over 4 years. A key driver behind this good news is that layoffs have declined 13% over the prior year.

In other economic news, the trade deficit declined by roughly 5% in December to $56.4 billion dollars. While this is good news, the fact that we import $56 billion more than we export every month is quite sobering. How do we solve this problem? BUY AMERICAN.

No comments: