Weekly Jobless Claims Fall to the Lowest Level in Three Years

[Clio the Leo]

Jobless claims at nearly 3-year low of 368,000
By Jeffry Bartash

WASHINGTON (MarketWatch) - New applications for U.S. jobless benefits fell by 20,000 to 368,000 in the week of Feb. 26, the lowest level in nearly three years, the Labor Department reported Thursday. The last time claims were that low was in May 2008. Economists polled by MarketWatch had expected first-time jobless claims to rise to a seasonally adjusted 398,000 from last week's revised level of 388,000. Over the past four weeks claims have averaged 388,500, marking the lowest one-month average since July 2008, according to government data. The four-week average is considered a more accurate gauge of employment trends because it lessens week-to-week volatility in the data. The decline in claims, which have fallen 27% since last August, appears to be consistent with a modest pace or hiring and fewer layoffs. Continuing claims, meanwhile, declined by 59,000 to 3.77 million in the week of Feb. 19. About 9.24 million people received some kind of state or federal benefit in the week of Feb. 12, up 74,000 from the week before.

http://www.marketwatch.com/story/jobless-claims-at-nearly-3-year-low-of-368000-2011-03-03

Breaking: Morning Joe says, "well, ya know, weekly jobless claims really dont tell ya much anyway." :)

[obamafourmore]

1. No wonder the Republicans trying so hard to kill the recovery

[Kber]

6. +1

[Badfish]

2. rec for good news

[DCBob]

3. Just as the economy is beginning to show real signs of recovery the GOPers will kill it..

with their budget cutting madness. Sickening.

[babylonsister]

4. Rec'd! Thx for some good news! nt

[WCGreen]

5. Good News!

K&R

[bigwillq]

7. That's good news.

Let's hope the trend continues. :thumbsup: K and R

[bigdarryl]

8. That's strange the other day I saw some idiot pundit on TV saying this Friday's

jobs report is going to be bad news in the hiring of jobs last month.Sounded like he was wishing for bad news

[WolfoftheWild]

9. Winning!

[ClarkUSA]

10. Excellent news! Where are all the replies cheering this positive development?

As if I had to guess. :eyes:

[OwnedByFerrets]

11. Maybe because people are giving up.........

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=102x4755613

Gallup Finds U.S. Unemployment Hitting 10.3% in February