Michael Ubaldi, August 7, 2003.
The "Worst economy in x years" shibboleth is going out of fashion:
America's business productivity soared in the second quarter of 2003 and new claims for unemployment benefits dropped to a six-month low last week, a double dose of good news as the economy tries to get back to full throttle.
Both the productivity and jobless claims figures were better than economists were expecting. They were forecasting productivity to grow at a 4 percent pace in the second quarter and for jobless claims to rise.
More of this news and I'd expect the most insistent Democrats to complain that next year's economy won't be booming enough.