Thursday, September 02, 2004
Long on dull, short on substance...
...but at least the protesters were exciting.
Bush's speech offers no talk of jobs or specific economic proposals after a week of dismal economic news. Job numbers are to be announced tomorrow. Economists are forecasting the report to be between 100,000 and 250,000 for the month of August with unemployment remaining at 5.5%. The month of July yielded just 32,000 new jobs, much lower than expected. A gain of about 150,000 is generally seen by economists as necessary to keep pace with the number of people entering the work force.
The DJIA ended strong today on anticipation of a good jobs report. But bad economic news from several sectors of the economy this week don't bode well:
Worker productivity revised downward
Del Monte profits slide 41%
Intel lowers 3rd quarter revenue projections
Oil prices soar
GM and Ford cut output after weak sales
Retailers dissapointed in back to school sales
But hey...at least they got to have a Kerry hatefest.
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Bush's speech offers no talk of jobs or specific economic proposals after a week of dismal economic news. Job numbers are to be announced tomorrow. Economists are forecasting the report to be between 100,000 and 250,000 for the month of August with unemployment remaining at 5.5%. The month of July yielded just 32,000 new jobs, much lower than expected. A gain of about 150,000 is generally seen by economists as necessary to keep pace with the number of people entering the work force.
The DJIA ended strong today on anticipation of a good jobs report. But bad economic news from several sectors of the economy this week don't bode well:
Worker productivity revised downward
Del Monte profits slide 41%
Intel lowers 3rd quarter revenue projections
Oil prices soar
GM and Ford cut output after weak sales
Retailers dissapointed in back to school sales
But hey...at least they got to have a Kerry hatefest.
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