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Thursday, May 6, 2010

Jobless rates fall

For all the conservatives who were all ticked off because of the 787 billion doller spending billing, calling it  a waste, I have this to say: you were wrong. For the most part. While it's true that some of the spending went towards useless things, a piece of news suggests we should have spent even more. The inital claims for unemployment insurence has fallen, to 444,000. But we are not out of the woods yet. Many economists say that in order to prove sustained growth, we need to drop below 425,000. There are also other signs that we are in the recovery stage. Jobless benefits claims have fallen for the fourth time in five weeks. However, this doesn't include those who are recieved extended benefits. Still, it is a start.

1 comment:

  1. While the jobless rate may have fallen a bit, how can you justify spending more to try and pull us out of a economic downturn? With more and more people finding it hard to make ends meet, the people in Washington are doing nothing to bail us out.

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