November 13, 2003

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The bush recovery

  • The number of Americans filing first-time applications for state unemployment benefits rose 13,000 to 366,000 last week.
  • Johnson & Johnson to close NJ plant, move manufacturing work to Brazil (from the Newark Star-Ledger).
  • Millions of U.S. jobs will be exported in the coming decade, forecasters say (from MSN Money).
  • Motorola, the world's second-largest maker of mobile telephones, will eliminate 2,400 jobs by the first quarter, on top of the 6,600 it has cut through the first nine months of this year (Bloomberg).
  • The Hunt Corp of Philadelphia to close certain plants by July, will move to Asia, most likely China (Charlotte Observer).
  • Applications for US home loans dropped last week to their lowest level in almost a year and a half (Yahoo.com).

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