Jobless Claims At Four-Year Low

More good news on the jobs front. The Labor Department reported this morning that the number of Americans filing first-time claims for unemployment benefits dropped to a four-year low. Jobless claims fell by 14,000 to 351,000 last week. That wasn’t the only good news:

Separately, the New York Federal Reserve said its Empire State general business conditions index rose to 20.21 – its highest level since June 2010 – from 19.53 in February.

“This suggests that the recovery is firmly on track,” said Scott Brown, chief economist at Raymond James in St. Petersburg, Florida.

The Philly Fed also reported manufacturing growth in its region. This is good news but we’re not out of the woods just yet.

Posted by on March 15th, 2012 at 11:45 am


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