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NEWS FOR THE WEEK OF MARCH 27

In The First 5 Months Of FY 2006 (Through Feb.) The Conference Board’s March Index Of Consumer
Overall Federal Revenues Were Up 10.3% Over The Confidence Was At Its Highest Level – 107.2 – Since
Same Time In FY 2005. (Editorial, “Beltway Windfall,” The Wall May 2002. (“Consumer Confidence At Highest Point In Almost 4
Street Journal, 3/23/06) Years,” USA Today, 3/29/06)

• Corporate Income Tax Revenues Are Up 30% • 28.4% Of Consumers Said Jobs Were
While Individual Income Tax Revenues Are Up “Plentiful,” The Highest Since Aug. 2001.
10.3%. (Editorial, “Beltway Windfall,” The Wall Street (“Consumer Confidence At Highest Point In Almost 4 Years,”
Journal, 3/23/06) USA Today, 3/29/06)

• Federal Revenues Were Up 15% In FY 2005. The Univ. Of Michigan Consumer Sentiment Index
(Editorial, “Beltway Windfall,” The Wall Street Journal, Rose To 88.9 In Late March. (“Consumer Sentiment Rises In
3/23/06) Late March,” MarketWatch, 3/31/06)

The Nasdaq Hit Its Highest Level In More Than 5 Years
Wednesday And Finished Up Again Thursday. (“Nasdaq
Ready To Rumble Ahead,” USA Today, 3/30/06; “Stocks Decline On
Rate Worries,” USA Today, 3/31/06)
Employment Increased In 41 States In Feb. (Bureau Of The Chicago PMI, A Gauge Of Business Activity In The
Labor Statistics, “Regional And State Employment And
Unemployment: February 2006,” Press Release, 3/30/06) Area, Rose To 60.4% In March (Readings Above 50%
Indicate Most Businesses Are Expanding). (“Chicago
• Between Feb. 2005 And Feb. 2006, Employment Business Gauge Rises In March,” MarketWatch, 3/31/06)
Increased In 48 States. (Bureau Of Labor Statistics,
“Regional And State Employment And Unemployment:
February 2006,” Press Release, 3/30/06)

Jobless Rates Fell In 39 States Between Feb. 2005
And Feb. 2006. (Bureau Of Labor Statistics, “Regional And State The U.S. Economy Grew 3.5% In 2005. (“Fourth-Quarter
Employment And Unemployment: February 2006,” Press Release, GDP Revised Up To 1.7%,” MarketWatch, 3/30/06)
3/30/06)
The 4th Quarter Growth Rate Was Revised Up To 1.7%.
New Claims For Jobless Benefits Fell 10,000 For The (“Fourth-Quarter GDP Revised Up To 1.7%,” MarketWatch, 3/30/06)
Week Ending Mar. 25 – The 4-Week Average Fell 1,500.
(“U.S. Jobless Claims Fall To 302,000,” MarketWatch, 3/30/06) • Economists Said The One-Quarter Slump Was
Due To Factors “That Have Already Faded”
• The 4-Week Average For Continuing Claims And Expect The Economy To Grow 4.6% For
Stayed At A 5-Year Low. (“U.S. Jobless Claims Fall To The 1st Quarter Of 2006. (“Fourth-Quarter GDP
302,000,” MarketWatch, 3/30/06) Revised Up To 1.7%,” MarketWatch, 3/30/06)
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