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.
(Chart by MB) The Department of Labor reported a sharp drop of 24,000 in initial claims for unemployment benefits for the week ending July 23, the first good news in that arena in four months. At 398,000, it was the lowest level sin... Read Post
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