Jobless claims fall, jobs market slowly healing

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One step at a time.

(Reuters) - New claims for unemployment benefits in the United States fell more than expected last week, pointing to more healing in the nation's battered jobs market.

Initial claims for state unemployment benefits dropped 12,000 to a seasonally adjusted 367,000, the Labor Department said on Thursday.

Job growth has gained momentum in recent months and the unemployment rate dropped to a near three-year low of 8.5 percent in December.

Analysts will be watching Friday's report on January payrolls for insight into what it will mean for policy after the Federal Reserve last week left the door open to additional economic stimulus.

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  • Walt

    ... despite the effort of the GOP and their obstruction to keep any kind economic recovery from happening just to see this president fail.

    Just imagine how many more jobs would have been created or saved had the republicons not forced down the size of the stimulus bill (for which they then did not vote for it anyway.)  Just imagine how stronger the economy would be right now had the republicons supported the jobs bill.  Just imagine how many jobs would have been created if these tea party governors had not killed the high speed rail projects (far more permanent jobs than any Keystone pipeline project).  Imagine how many jobs might have come back into the United States had the republicons in the senate not killed a bill (passed by a Democratic controlled house) that would have given tax breaks for companies bringing jobs back into the U.S. while punishing those who continued to outsource American jobs.  Just imagine how better off this country would be today if its citizens hadn't elected in these tea party legislatures (both state & federal) and governors in 2010.  Just imagine...