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1st time claims drop below 400k for the 1st time in months.

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1st time claims drop below 400k for the 1st time in months.

Post by Jobless_in_Ma on Thu Aug 11, 2011 3:28 pm

WASHINGTON — New U.S. claims for unemployment benefits dropped to a four-month low last week, government data showed on Thursday, a rare dose of good news for an economy that has been battered by a credit rating downgrade and falling share prices.

Initial claims for state unemployment benefits fell 7,000 to a seasonally adjusted 395,000, the Labor Department said, the lowest level since the week ended April 2.

http://today.msnbc.msn.com/id/44103030/ns/today-today_news/t/claims-unemployment-aid-fall-four-month-low/


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Re: 1st time claims drop below 400k for the 1st time in months.

Post by jmainframe on Thu Aug 11, 2011 4:26 pm

That's less bad news, I suppose. We'll see if that figure doesn't get adjusted higher at a later time though.

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Re: 1st time claims drop below 400k for the 1st time in months.

Post by Jobless_in_Ma on Thu Aug 11, 2011 4:33 pm

Personally I think it's bogus considering the plunge the markets have taken again this week. This news made sticks rally today.

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Re: 1st time claims drop below 400k for the 1st time in months.

Post by jmainframe on Thu Aug 11, 2011 5:59 pm

Jobless_in_Ma wrote:Personally I think it's bogus considering the plunge the markets have taken again this week. This news made sticks rally today.

Yeah, I wouldn't put it past them. As we know, they've been downplaying the unemployment crisis the whole time.

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Re: 1st time claims drop below 400k for the 1st time in months.

Post by TOO OLD TO HIRE IN PA on Thu Aug 11, 2011 10:47 pm

BULLCHIT as usual. Wait until the Holiday season comes along and all those seasonal jobs come into play. They will reduce the unemployment rate so Wall Street can make more money!

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Re: 1st time claims drop below 400k for the 1st time in months.

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