Two positive reports released on jobs

[kpete]

Source: The Hill

Two positive reports released on jobs
By Vicki Needham - 07/05/12 08:48 AM ET

Two new reports on Thursday provided some optimism the jobs market is improving.

First-time claims for unemployment benefits dropped to the lowest level since May, the first positive sign in weeks that layoffs may be slowing.

Separately, payroll provider ADP says private-sector businesses added 176,000 jobs to their payrolls in June, better than the revised total of 136,000 jobs for May.

The two reports come a day ahead of the closely watched monthly jobs report from the Bureau of Labor Statistics. Both President Obama and Republican presidential candidate Mitt Romney will be watching that report closely for signs of how the U.S. economy is doing. In May, the monthly report found the economy added only 68,000 jobs, a devastating blow for Obama's campaign.

Read more: http://thehill.com/blogs/on-the-money/economy/236261-first-time-jobless-claims-drop-to-six-week-low

[Dawson Leery]

1. We will see.

[WilliamPitt]

2. "a devastating blow"?

Polls don't seem to think so.

[nanabugg]

3. No wonder this thread is falling rapidly. Only 3 comments. nt

[xtraxritical]

4. Every one knows that the economy meme is going to resonate thru out the campaign,

can't wait for the debates.

[sweetapogee]

5. from Apollo 13

Houston, the world's getting mighty big in the window, sure could use that re-entry procedure.