Jobless claims lowest since 2008
The number of people seeking unemployment benefits dropped by 50,000 applicants to 352,000鈥搕he lowest since April 2008
The number of people seeking unemployment benefits dropped by 50,000 applicants to 352,000鈥搕he lowest since April 2008
By Joshua M. Brown, Guest blogger
I mean, that's the headline - is it not?聽 Jobless Claims are a noisy number for many reasons but when taken as a trend, they are meaningful and they are leading jobs indicator if not a leading economic indicator.
Sure, it's one piece of the puzzle, but a 3rd grader can understand this concept - less people claiming unemployment benefits is a good thing.
Here's the AP with this morning's report:
Plenty to dislike out there, but not this.