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New jobless numbers at very low levels
June 15, 2006: 8:37 AM EDT

WASHINGTON (Reuters) - The number of U.S. workers claiming an initial week of jobless claims unexpectedly fell by 8,000 last week to the lowest level in nearly four months, a government report showed Thursday.

First-time claims for state unemployment insurance benefits fell to a seasonally adjusted 295,000 [this level is close to the 'labor shortage' button] for the week ended June 10 from an upwardly revised 303,000 claims in the previous week, the Labor Department said.

Despite this, we learn from this site:

http://tonto.eia.doe.gov/oog/info/twip/twip_gasoline.html#demand

that gasoline consumption is below last years



Posted by: mhw 2006-06-15
http://www.rantburg.com/poparticle.php?ID=156226