US August Inflation Mild, Job Claims Rise (I think they mean JOBLESS!)

[takumi]

http://story.news.yahoo.com/news?tmpl=story&ncid=749&e=1&u=/nm/20040916/bs_nm/economy_dc

WASHINGTON (Reuters) - U.S. consumer prices inched up just 0.1 percent last month as gasoline and car prices tumbled, the government said on Thursday in a report suggesting an inflation spike earlier this year was an aberration.

A separate report showed initial claims for jobless benefits gained less than expected last week, implying the job market was a touch stronger than analysts had thought. For the first time in weeks, the claims data appeared unaffected by hurricanes, the Labor Department said . . .

[daleo]

1. Spinning a negative into a positive again

"First-time claims for state unemployment aid rose 16,000 to 333,000 in the week ended Sept. 11 from a revised 317,000 a week earlier, the department said. Wall Street had looked for claims to rise more sharply to 340,000."

So, things are looking up because they aren't as bad as some people thought they might be.


"The increase partially reversed a sharp drop at the start of the month that had been pinned in part on Hurricane Charley, which struck Florida in mid-August. A second storm, Hurricane Frances, hit the state during the Labor Day holiday weekend early this month, but its impact has yet to be seen."

Sounds like they are waiting to see which way the wind blows, to decide whether they should claim that the latest hurricanes created jobs or destroyed them.

[nibbana]

2. Higher costs for energy/ Higher cost for education/Higher costs

for health care/higher cost to wipe my A**...

The only item not increasing is the "inflation rate"..

But the highest cost of all is that of our comrades who die in Iraq while Bush and company are allowed to continue their failled policies...

[tom_paine]

3. Headline: Innocent mistake or Bushevik mockingbird at work?

Who can tell anymore?

[Catfight]

4. Yes, "The Shipping News, " catch lines are getting old.

How about just plain talking Bushspeak, "The Economy Sucks!"