Jobless Claims At 18 Month Low

Courtesy Donklephant  Thu, 12/31/2009 - 5:32pm

A bit of good news to report today amid the preparations for New Year’s celebrations.

Jobless claims fell more than expected last week.

From WSJ :

Initial claims for unemployment benefits fell by 22,000 to a seasonally adjusted 432,000 in the week ended Dec. 26, the lowest level since July 19, 2008.

The four-week average of new claims, which smoothes volatility in the data, dropped by 5,500 to 460,250, its 17th consecutive drop.

That was the...



 

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