Jobless Claims Continue to Fall

Jobless claims fell again last week, this time by 15,000. The Labor Department reported that 358,000 Americans filed for unemployment payments. Economists were expecting 370,000.

The important thing here is the trend. While the jobs market remains weak, we now have evidence that things are getting better. The problem, of course, is that things are getting better at a very slow pace.

Combined with last week’s jobs report which showed that the unemployment rate dropped to 8.3%, we can see that the economy is improving.

Posted by on February 9th, 2012 at 10:30 am


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.