Drop in jobless claims; start of something?

posted by
July 28, 2011
Christian Science Monitor    
Posted in News, PND News

"In a glimmer of good economic news, the Department of Labor reported on Thursday that the initial claims for unemployment dropped to 398,000 for the week ending July 16. This is the first time in 15 weeks claims have dipped below the 400,000 level, a benchmark many economists use to gauge the health of the labor market. A broader measure of unemployment claims, the four week moving average fell to 414,000 and continuing claims also dropped to 3.70 million from 3.72 million." (07/28/11)


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