US jobless claims edge downward

By Agence France-Presse
Thursday, February 24, 2011 10:08 EDT
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WASHINGTON — US jobless claims fell by 22,000 last week, official figures showed Thursday, pointing to an improving labor market.

Claims fell to 391,000 for the week ending February 19, a level which if sustained, would indicate a definite improvement of the jobs market, a Labor Department official said.

Economists had expected claims stand at around 410,000.

Agence France-Presse
Agence France-Presse
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  • http://pulse.yahoo.com/_QMPOO3PZFN7XV2XZKCGSXXR3WM Joe Somebody

    lower claims means nothing without including how many jobs are created. new claims can be ZERO, and it doesn’t mean ANYTHING if new jobs are also ZERO.

    Sure wish the media (and Raw) would stop with this pointless dis/info. Where’s the useful reporting?

  • http://pulse.yahoo.com/_JETED5IFXLBHDCPATGS3JUS5HU Dip Stick

    Yeah I love their phony correlations. The only reason that new claims are down, is because new claims can’t be made unless the claimant had a job. The 2 million+ people out of work can’t make a new claim because they haven’t been able to get a job and get laid off to be eligible to make a new claim. If we calculated unemployment like they did during “The Great Depression” we are nationally at over 24% unemployment. Manipulating numbers does not manipulate reality, and these F&*$s we call bankers are going to learn this very painful lesson soon.