Thursday, December 04, 2003

Thursday is New Jobless Day

Congratulations to the 365K new jobless, and the 3K who were missed last week.

Not terrible news, but still no real good news on the jobs front. Continuing claims are still near their peak.

The monthly report is out tomorrow. I predict 6.0-6.1%, either flat or a slight uptick in the unemployment rate, and many fewer than the promised 300,000 per month that would be created if the Mighty Mighty tax cuts (The Solution to All Problems) passed, which they did.