This ignoring of good news with the economy seems to now be a feature, not a bug, of our country's journalism, Bet Nightly News with be jobless claim free tonight.
(Reuters)The number of Americans filing new claims for unemployment benefits fell unexpectedly last week, touching a 5-1/2 year low, suggesting a steadily improving labor market.
Initial claims for state unemployment benefits dropped 19,000 to a seasonally adjusted 326,000, the lowest level since January 2008, the Labor Department said on Thursday.
Economists polled by Reuters had expected first-time applications to rise to 345,000 last week.
While claims are extremely volatile in July because of summer auto plant shutdowns, the general tone of the report remained consistent with a pick-up in job gains.