U.S. Jobless Claims Rise Again on Hurricane Charley; Factory Orders Climb

Sept. 2 (Bloomberg) -- More Americans filed first-time unemployment claims last week than any time since mid-April, an unexpected jump that partly reflects lingering effects of Hurricane Charley, according to a government report.

First-time applications for unemployment benefits rose by 19,000 to 362,000, the Labor Department said in Washington, topping the median forecast of 340,000 in a Bloomberg News poll. July factory orders rose the most in four months and productivity gains slowed last quarter, other reports showed.

``Despite their jump during the last two weeks, claims are still signaling better employment gains for August,'' said David Resler, chief economist at Nomura Securities in New York. ``A host of indicators suggest payrolls gains.''

U.S. employers probably added 150,000 jobs last month, based on the median forecast ahead of a Labor Department report tomorrow. The gain would be almost five times the number from July and mark the first pick-up in payroll growth in five months. President George W. Bush will receive the Republican Party's nomination today for a second term amid polls that show him in a dead heat with Democrat John Kerry, a Massachusetts senator critical of his record on jobs.

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Good news for Bush and the unemployed...bad news for Kerry

Last months estimate was 242,000 jobs created. Only 32,000 were. Even if the number is around 150,000 thats still not good because you need 150,000 new jobs per month just to keep up with population growth. Anything less than that number at this late point of the so called economic recovery will be terrible news.

be revised downward...

we were supposed to go down there and do some installations but we cant because there are no hotels and no one to work with

come out tomorrow during his speech tonight.

Is that true?

Is there a thread here on it?

Am I the only one that is bothered by the idea of the Prez using governmental numbers that are supposed to be objective and nonpartisan and releasing them early for political purposes?