Jobs in focus
Posted 07:06 a.m., May 8, 2008
Global stock markets were mostly sharply lower overnight following Wall Street’s pullback on Wednesday, with the declines stoked by renewed inflation worries after oil prices hit new all-time highs. Crude oil futures, however, edged lower this morning, as did gold, while the dollar was slightly higher.
Gasoline prices locally moved higher this morning, approaching the record high of $3.515 a gallon set a week ago. The average price of a gallon of regular unleaded was $3.506 this morning, according to AAA’s Fuel Gauge Report, up from $3.491 yesterday, $3.189 a month ago and $2.806 a year ago.
It’s a pretty light week for economic reports. On the agenda today, the weekly report on claims for unemployment insurance benefits is due at 8:30 a.m. The consensus forecast is for 370,000 new claims, down 10,000 from last week’s reported number, which is likely to be revised one way or the other. Last week’s monthly report on the national employment situation was surprisingly positive, in part because the weekly claims numbers have been rising pretty persistently for quite a while and currently stand at a four-year high, as the following chart shows:
Local meetings and events today:
The USC Small Business Development Center holds a seminar on Government Contracts and Your Small Business. 9-11 a.m. 5900 Core Drive, 5th floor, North Charleston. $30. For information call 740-6160 or visit http://mooreschool.sc.edu/moore/use.sbdc/seminars.
The S.C. Trucking Association holds a Management Forum. 4:30 p.m. Radisson Hotel Charleston Airport, 5991 Rivers Ave., North Charleston. For information call 744-2501 or e-mail jpatterson@sctrucking.org.
The Charleston Chapter of the S.C. State Employees Association meets. 5:30 p.m. Vocational Rehabilitation, 4360 Dorchester Road, North Charleston. For information call 877-882-4025 or e-mail SCSEA@scsea.com.
The Charleston chapter of APICS meets. Activity: Tour of Flowertown Players production of "Noises Off." 6 p.m. 133 Main St., Summerville. Free. For information call Amy Awtry at 843-486-5181.
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