In another piece of good economic news, new unemployment claims, a week-on-week measure, have dropped to the lowest level in four years. The Wall Street Journal reports:
Initial unemployment claims dropped by 13,000 to 348,000 in the week ended Feb. 11, the Labor Department said Thursday in its weekly report. The previous week’s figures were revised up, to 361,000 from 358,000.
Initial claims for unemployment insurance dropped by 37,000 to 335,000 in the week ending January 12, their lowest level in five years. Low is good, obviously, but in this case, don't get too excited, because: ... it is probably not... Read Post
WASHINGTON -- New claims for unemployment benefits fell sharply last week to 350,000, the lowest level in more than four years, the government reported Thursday. Read Post