New claims for jobless benefits drop; GDP grows at solid pace
Source: The Los Angeles Times
Fresh evidence indicates that the labor market is continuing to heal and that there's stronger economic growth supporting new hiring than the most obvious numbers might suggest.
The Labor Department said Thursday that new claims for unemployment benefits dipped last week to 359,000 — the lowest level since April 2008. Jobless claims have been moving steadily lower in recent weeks amid other signs that the job market is gaining strength.
Separately, the Commerce Department said Thursday that its latest tally of the nation's gross domestic product, the total value of goods and services produced, showed a solid 3% annualized increase in the fourth quarter last year.
That's unchanged from its previous estimate, but the new report showed gross domestic income — another broad but less commonly cited measure of economic activity — jumped at a much higher annualized rate of 4.4% in that quarter.
Theoretically, the two measures should be the same; GDP looks at the spending side, and GDI the income end. And historically, the two numbers track closely. But GDI's much-bigger gain indicates that "recent GDP readings are too low and will be revised upward," said Ryan Sweet, an analyst at Moody's Analytics.
Read more: http://www.latimes.com/business/la-fi-jobless-claims-gdp-20120330,0,4907206.story
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Must hurt to be Romney right now.
Or are these the jobs Boehner promised when he became Speaker?
This is actually good news, and I hope more and more people can get back to work soon. 
...they hatin'.... 
