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More Good News for the Economy?

The much-anticipated national jobs report was released this morning showing what appears to be economic growth.  Some, however, aren’t so sure.

Detnews.com is reporting today the numbers released by the U. S. government  show fewer people filed for jobless benefits last week, and the average for the month was the lowest since February, 2006.

The report indicates that weekly applications for unemployment fell 14,000 last week to a seasonally adjusted rate of just under 300,000.   Numbers from last week were just over 300,000.

Analysts say the numbers are likely an indication that fewer people are being laid off and that employers are hiring and increasing salaries.

Other analysts, though, aren’t so sure.

They claim the return–according to Obama Administration officials–to rates even before the Great Recession going into 2008, are much weaker than they should be after so much time has passed.

Join Jo Anne Paul and Steve Gruber weekdays from 5:30 to 9 AM on 1240 WJIM-AM and the Stations of the Michigan Talk Network.  Join the discussion by calling our hotline at (888) 900-9966!

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