Thursday, March 26, 2015

Jobs -- March 26, 2015; Fracking Not Safe (For Governor Cuomo's Political Career); Medi-Cal Costs Could Surge

Why I look forward to every Thursday -- to see how they spin the story.

From fxstreet
  • March 26, 2015: 282,000 (well below the consensus of 290,000; well down from 291,000 previously).
From The Washington Examiner:
Jobless claims were 291,000 the week before, and have now been under 300,000 for three straight weeks.
The four-week moving average was of claims fell 7,750 to 297,000.
From ABC News:
Fewer people sought U.S. unemployment benefits last week, evidence that strong hiring should continue despite signs of slower economic growth at the start of 2015.
Weekly applications for jobless aid fell 9,000 to a seasonally adjusted 282,000. The decrease suggests that a recent slowdown in manufacturing, housing starts and retail sales have not trickled into the job market, a possible indication that economic growth will rebound after a harsh winter.
What A Great State

The Los Angeles Times is reporting:
Immigrants living in the U.S. without permission can't enroll in Obamacare, but an unusual policy in California allows those granted temporary relief from deportation to sign up for Medi-Cal. That means up to half a million more Californians could apply for the state's low-income health program, according to data released Wednesday by UC Berkeley and UCLA.

Another Great State

The Los Angeles Times is also reporting:
From this village of dairy farms and friendly diners, Carolyn Price can see across the border into Pennsylvania, and it is a bittersweet view. The rolling hills a few miles away are as green as the ones here, and the Susquehanna River is icy and beautiful on both sides of the state line as it meanders toward the Atlantic.
Price sees something else, though: towns brimming with money extracted from the gas-rich Marcellus Shale, where the high-pressure drilling method known as hydraulic fracturing, or fracking, has spurred an economic boom [in Pennsylvania].
It is a different story here on the New York side, where Gov. Andrew Cuomo in December declared a statewide ban on fracking — one of only two in the country — saying he was not convinced it is safe.
Fracking is not safe. Not safe for Govenor Cuomo's political career.

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