Thursday, February 11, 2010

Weekly jobless claims fall, downward trend appears intact

Weekly initial jobless claims fell 43,000 in the latest week to 440,000, appearing to confirm that the elevated levels of the last couple of weeks may have been caused by technical factors related to the holidays.

That’s good news given that it appears the slow recovery in the troubled labor market has not stalled and the modest economic recovery is not faltering.

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Details are available at Examiner.com.

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