Jobless Claims Moving in the Right Direction . . . Down!
The number of jobless claims filed for unemployment benefits fell last week to 460,000 nationally..jpg)
Unfortunately, the number of claims is still higher than what analysts had been predicting.
The AP notes that while this indicates that the economy is finally starting to grow again, things are still very painful out there for a significant number of workers. They go on to state that this recession is the worst the country has faced since the 1930s.
Source: AP News
I expect the drop was due more to the benefits having expired than due to more people getting jobs.