Fox Biz sent me an email alert, and with all the nauseating attention to GW Bush and his new (un)presidential Lie-Bury, the ongoing Boston Marathon bombing story, and the breaking news on Syria’s chemical weapons, this good news has yet to be mentioned:
New claims for unemployment benefits fell to 339,000 last week from an upwardly revised 355,000 the week prior. Claims were expected to fall to 351,000 from an initially reported 352,000.
If Fox Biz says it, it must be true. Right?
Oh, but I kid.
[M]ost economists were encouraged by Thursday’s report on unemployment benefits, though some cautioned against reading too much into one week’s data.
“The downtrend in unemployment remains on track,” said Jim O’Sullivan, chief U.S. economist at High Frequency Economics.
Of course, the sequester will likely have a negative effect as time goes on. Go Congress!