breaking news: Jobless claims fall to lowest level since July ’08

[spanone]

WASHINGTON - The number of newly laid-off workers filing claims for unemployment benefits dropped unexpectedly last week, a sign the job market is healing as the economy slowly recovers.

The Labor Department says that new claims for unemployment insurance fell by 22,000 to a seasonally adjusted 432,000, the lowest since July 2008. That's much better than the rise to 460,000 that Wall Street economists expected.

The number of jobless workers continuing to claim benefits dropped by 57,000 to 4.9 million, also better than the increase that analysts expected.

http://www.msnbc.msn.com/id/34641146/ns/business-stocks_and_economy/

[jpak]

1. NNNOOOOoooo!!111 Obama must fail!!111 This all bullshit!!11 Obama fudged the numbers!!111

:D

[Kahuna]

2. Why oh why, must you torment DU with this sunny news? Curse you!

:applause: K&R

[spanone]

3. well, a bit of success never hurt....there we go one unrec for good news!!!!

[Kahuna]

4. Why do they hate America?

:shrug:

[saltpoint]

5. This is likely to upset Brit Hume something awful.

[spanone]

6. ...and that alone makes me happy

[saltpoint]

7. Yep. Brit needs to have a "news swirlee" every once in a while.

[Peacetrain]

12. No kidding!!!

[TexasObserver]

8. Recommend

[freddie mertz]

9. I hope these are continuing signs of recovery.

I heard Krugman and another economist the other day saying that a second slump might come along later in the year.

I'm no economist, but I am leery of celebrating until we start ADDING jobs again, in significant numbers, at the very least.

[spanone]

10. i'll celebrate every inch of recovery....

[freddie mertz]

13. Good for you, and it's a good night for it.

I am more of a pessimist and a skeptic by nature.

Happy New Year though!

[spanone]

15. well, i'll take good news at face value, just like we have to take the bad...happy new year

[jpak]

11. Rooting for a second slump?

boo

:thumbsdown:

[freddie mertz]

14. No. Just the usual pessimistic musing from me. Have a Happy.

[Dr.Phool]

16. It was a holiday week.

It goes down EVERY shortened holiday week.

[spanone]

17. ..better than predicted...

the predictors know how long the week is....

[SpartanDem]

18. So much for the stimulus not working

[era veteran]

19. Turn around has started

Look for positive #'s in 6 mo. We knew it would take time. Now lets give some capitalist pigs time in prison.

[NightWatcher]

20. didnt we hear "good numbers" a few weeks ago only to be revised upwards?