Quickie- Unemployment applications lowest since April '08

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Closer every day.

WASHINGTON -- The number of people applying for unemployment benefits dropped last week to its lowest level since April 2008, extending a downward trend that shows the job market strengthening.
First-time applications for unemployment benefits fell 4,000 to a seasonally adjusted 364,000, the Labor Department said Thursday. It was the third straight weekly drop.

The four-week moving average, a less volatile gauge, fell for the 11th time in 13 weeks. At 380,250, it's the lowest since June 2008.

Applications generally must fall below 375,000 - consistently - before hiring is strong enough to reduce the unemployment rate.

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  • Anonymous

    I know, but as explained to me by  my teacher, just cause the numbers are down doesn't mean that people are back to work. Just wanted to say that.

  • http://nefariousnewt.blogspot.com NefariousNewt

    "But hey, Obama's policies are FAILING!!! Can't you see it?!?!? Why are you clinging to FACTS?!?!?!" - Mitt Romney