Initial jobless claims at the lowest level since 2008

[candycorn]

NEW YORK (CNNMoney) -- Fewer Americans filed for their first week of unemployment benefits last week. So few in fact, that initial jobless claims were at their lowest level since May 2008.

About 366,000 people filed initial jobless claims in the week ended Dec. 10, the Labor Department said Thursday. That was a decrease of 19,000 from the prior week, and far better than the bigger influx of claims that economists were expecting.

Less filing unemployment benefits causes jobless claims drop - Dec. 15, 2011

That is good news. Hopefully the trend continues.

 

[Listening]

lie all you want about the statistics.

Your not going to win this election by being NOTHING but negative and dooms saying

You are right.

President Obama has shot himself in one foot and is getting ready to maim the other.

That is why we will win.

We could put Bozo the clown up there and he'd poll better.

 

[Listening]

That's a good thing but at the same time the real unemployment rate is 11.4 percent. Not good.

The real UE rate is 8.6%. CON$ can't accept that so they say the real UE rate is the rate if no boomers ever retire and leave the work force.

Yes you make a good point but does that mean the job they held just disappears? The more baby boomers that retire should mean that the unemployment rate drops drastically just because of the job openings it should create.

So boomers leaving does not factor into the equation ?

Seems like it should.

But even Erza Klein, someone who has his lips superglued to President Obama's ass agrees it is 11%.