Thursday, February 23, 2006

US Unemployment: 4.7% - Business News - Jobless Claims Fall Unexpectedly: "278,000 laid-off workers applied for jobless benefits last week, a decline of 20,000 from the previous week.

It was the biggest drop in five weeks, since a decrease of 36,000 claims the week ending Jan. 14. Weekly jobless applications have been below 300,000 for six straight weeks, a range that reflects healthy job conditions.

The unemployment rate fell in January to 4.7 percent, a 4 1/2-year low, as businesses added 193,000 new jobs last month, up from a gain of 140,000 in December.

Analysts believe the level of layoffs this year is consistent with strong job gains in coming months of around 200,000 per month."

Economys up, and Bush is pushing to make the tax cuts permanent.