telecommunications
Lowest jobless claims since spring 2008Posted by RJ and Makay on Apr 05, 2012 |
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The Labor Department report today showed that jobless claims fell to a new four-year low. First-time applications for unemployment benefits fell last week by 6,000 to a seasonably adjusted 357,000, the lowest numbers since April 2008 and cause for optimism heading into tomorrow’s Bureau of Labor Statistics employment situation report for March.
Big company profits surged in fourth quarterPosted by RJ and Makay on Feb 01, 2011 |
As year-end earnings reports come in, one thing seems clear. Large U.S. corporations generally did very well in the fourth quarter and 2010 as a whole. Furthermore, 2010 is shaping up as the best year for large corporations in more than a decade, with especially good results occurring in the telecommunications, energy, and financial sectors.
Roughly half the Standard & Poors (S&P) 500 companies have reported fourth-quarter and year-end earnings so far. Based on those reports, earnings in the S&P 500 were up 17% last year on a weighted basis. Sales were up about 9% for the year and rose 7% in the fourth quarter, far more than the third quarter's meager 0.9% increase.
David Weinbaum (American Businessman and Writer.)
