Posted On: 02/16/2012 8:49:21 AM
Post# of 102338
Jobless claims fall to nearly four-year low
Applications for unemployment benefits drop 13,000 to 348,000
WASHINGTON (MarketWatch) — The number of Americans who applied for unemployment benefits dropped last week to the lowest level in almost four years, further evidence of an improving U.S. labor market, government data showed.
Initial claims are a good gauge of whether layoffs are rising or declining. They’ve fallen steadily since last summer, an indication that fewer people are losing their jobs and more are finding work. As a result, the unemployment rate has declined to 8.3% from 9.1% last August, though it still remains quite high at this stage of an economic recovery.
http://www.marketwatch.com/story/jobless-clai...2012-02-16
Applications for unemployment benefits drop 13,000 to 348,000
WASHINGTON (MarketWatch) — The number of Americans who applied for unemployment benefits dropped last week to the lowest level in almost four years, further evidence of an improving U.S. labor market, government data showed.
Initial claims are a good gauge of whether layoffs are rising or declining. They’ve fallen steadily since last summer, an indication that fewer people are losing their jobs and more are finding work. As a result, the unemployment rate has declined to 8.3% from 9.1% last August, though it still remains quite high at this stage of an economic recovery.
http://www.marketwatch.com/story/jobless-clai...2012-02-16
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